$UNI Liquidation Alert: Bulls in Trouble!

$UNI (Uniswap) just witnessed a massive $105K long position liquidated at $12.36, as the bears tighten their grip on the market.

This marks a critical moment in UNI’s price action as selling pressure escalates!

What Happened?

The bulls failed to defend the $12.40 support zone, triggering a cascade of long liquidations.

With leveraged positions wiped out, the bears have seized the upper hand, driving UNI’s price lower and increasing volatility.

Key Levels to Watch:

Immediate Support: $12.20 — A crucial line for bulls to prevent further declines.

Resistance Zone: $12.50 — Bulls must reclaim this level to regain control.

Bearish Target: $12.00 — A psychological level that, if breached, could signal a deeper correction.

Market Implications:

Bulls: Look for signs of consolidation before reentering. Watch for momentum shifts near $12.20.

Bears: The trend is in your favor, but stay vigilant for rapid rebounds as volatility remains high.

Volatility Alert: Increased liquidation activity could lead to sharp, unpredictable price swings.

Is this a temporary dip or the start of a prolonged downtrend?

$UNI traders, it’s time to focus—this is where strategies are tested!

#ThanksgivingBTCMoves #AIAndGameFiBoom #BinanceBNSOLPYTH #BitwiseFiles10ETFs #BSCOnTheRise