Binance Trader Sees Bearish Double Top Pattern in UAI

A recent post on Binance from Miin Trader has highlighted the cryptocurrency UAI as an area of interest. According to the trader, the price of UAI touched resistance at its peak, forming a bearish double top pattern.

This pattern suggests that the price may be due for a reversal, and the trader's predictions have already come true. The asset has experienced significant price fluctuations, with the trader citing a +500% profit and loss target being closed.

The trader is holding onto their position, expecting further losses as they believe the sellers are still in control. They note that the structure of the market remains weak, indicating that the downside may not be over yet.