$UNI Key Update: A significant long liquidation of $9.2322K occurred at the price level of $13.309. This indicates that bullish traders who entered around this level faced forced liquidations due to market pressure.
What’s Next for UNI.
With such a liquidation event, the market may experience volatility. Traders are likely to focus on key support and resistance zones for potential recovery or further declines.
Analysis.
Buy Zone:
If the price continues to decline.
$12.50 - $12.80: A strong accumulation zone. This range aligns with previous support levels and could act as a potential bounce-back area.
Target Levels.
Short-Term Targets.
$13.20: A retest of the liquidation level.
$13.50: First resistance zone.
Mid-Term Targets.
$14.00: Key psychological level where buyers might push higher.
$15.00: A significant resistance level, breaking this could signal bullish continuation.
Stop Loss.
Place a stop loss slightly below $12.50 to limit risk, as breaking this level could trigger further downside.
Technical Indicators to Watch.
1. RSI (Relative Strength Index).
Below 30: Oversold (good for entry).
Above 70: Overbought (consider taking profit).
2. Moving Averages.
50-Day Moving Average: Watch if UNI holds above this level for bullish momentum.
3. Volume.
Higher volume near the buy zone indicates strong accumulation.
Trading Plan.
1. Buy Entry.
Between $12.50 - $12.80 (wait for confirmation like candlestick patterns or volume increase).
2. Target 1.
$13.20 (Partial profit).
3. Target 2:
$13.50 (Move stop loss to entry point).
4. Target 3:
$14.00 - $15.00 (Trail stop loss to lock profits).
5. Stop Loss:
$12.40 (Keep losses minimal).
Risk Management
Risk only 2-3% of your total capital on this trade.
Stick to the plan and avoid emotional trading.
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