UNI Uniswap Breakdown. Support Hit but is there More Downside?

🔎 I'm currently analyzing UNI/USDT (Uniswap paired with Tether) and observing a clear bearish trend 📉 on the daily timeframe. Price has recently tapped into a key support zone 🟦, and we’re now seeing a short-term retracement from that level.

However, with Bitcoin currently overextended ⚠️ and showing signs it may pull back, there's a strong possibility that UNI could continue to drop if BTC rolls over. Correlation plays a major role here. 📊

In this video, I break down essential elements of the chart:
📌 Market Structure
📌 Price Action
📌 The prevailing Trend
📌 Key Support & Resistance Zones

You'll also hear my personal take on a potential trade setup — if price action continues to unfold in line with the criteria discussed.

📚 This content is for educational purposes only and is not to be considered financial advice. 🚫💼

UNI Price Action Breakdown. Support Hit but is there More Downside?