Uniswap $UNI Short Liquidation Alert.

A massive short liquidation of $1,598.3K has just occurred at a price level of $14.666. This signifies intense market activity and a potential shift in sentiment.

What Happened.

Short sellers were betting on $UNI's price dropping further, but the market had other plans.

As surged to $14.5303, it triggered liquidations for traders holding leveraged short positions, leading to this significant wipeout.

Why is This Important.

1. Market Sentiment Shift: Liquidations of this size often indicate a bullish momentum. Short sellers are getting squeezed out as buyers take control.

2. Price Momentum: $UNI is showing strength, with the liquidation level suggesting higher support.

Key Levels to Watch.

Resistance Zone: $15.00 - $15.50

Support Zone: $14.00 - $14.30

Breakout Target: If breaches $15.50, it could rally towards $16.50 or higher.

What’s Next.

1. For Traders:

If you’re bullish, look for a pullback to $14.30 as a potential buy zone with a target near $15.50.

Place a stop-loss below $14.00 to manage risk.

2. For Bears:

Watch for rejection near $15.50; it could signal an opportunity to re-enter shorts.

Pro Tip: Keep an eye on trading volume and news surrounding $UNI as they can provide critical insights into the next big move.

Are you ready to ride the wave, or will you play it safe? Let the charts guide your journey.

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