1. The current close below the Tenkan-Sen.
2. The current close below the Kijun-Sen.
3. The current close below the Cloud.
4. The Chikou Span is below the candlesticks and in open space.
a. Open space is a condition where the Chikou Span will not intercept the bodies of any candlesticks over the next five to ten periods.
5. Future Span A below Future Span B.
The rules for adding to an existing short when the Idea Bearish Ichimoku Breakout setup is complete vary but generally focus on crosses below the Tenkan-Sen or failed tests above the Tenkan-Sen. The latter of which is valid for Uniswap price may encourage more short-sellers to pile in.
UNI/USDT Daily Ichimoku Chart
Failure to hold the $16 price level could trigger a fast move towards the 88.6% Fibonacci retracement at $10.30. A word of warning for any bulls attempting to add between $16 and $10: the volume profile becomes thinner the further Uniswap price moves down – meaning Uniswap will accelerate its decline the lower it goes.