Explosive Move $UNI Shorts Liquidated Big Time!
Massive market action as $59.7K in short positions were liquidated at $13.79:
Short Squeeze in Action: Bears got trapped as buyers pushed the price higher, forcing them out of their positions.
Bullish Surge: The liquidation indicates strong upward momentum, with more buying pressure building.
What’s Happening?
1️⃣ Short Squeeze: This sudden squeeze reveals that the bulls are in control, forcing short traders to cover their positions and add fuel to the rally.
2️⃣ Price Surge: The market is pushing higher, showing clear signs of strength as it absorbs these liquidations.
3️⃣ Key Price Zone: The $13.79 level is now a key support will it hold, or will buyers push even higher?
Key Levels to Watch:
Support Areas: Keep an eye on $13.70 and $13.50 as potential areas for more buying action.
Resistance Points: $14.00 could become a tough barrier if the rally continues.
Volume Trends: Increased volume will confirm whether the bullish momentum is here to stay.
How to Capitalize:
Ride the Momentum: If you’re bullish, consider entering near support and aiming for resistance levels.
Manage Risk: Use stop-losses to protect your trade against sudden reversals.
Stay Updated: Fast-moving liquidations can quickly change market sentiment stay alert for the next big move!
$UNI is on fire! Will the short squeeze continue, or will the market cool down?
Keep your eyes on the price action and stay ready!
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