A whopping $11,199 was liquidated at $14.814, sending a clear message: the bears are losing their grip, and the bulls might take over! Is $UNI primed for a breakout, or will the market find a new range? Let’s dig deeper and prepare for the next big move.
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🔥 What Does This Mean for $UNI?
Liquidation Impact: The short squeeze shows increasing bullish pressure. If this momentum continues, $UNI could push higher toward key resistance levels.
Current Price Action: UNI is trading near $14.80-$15.00, a critical level where the market is deciding its next direction.
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🔍 Key Levels to Watch
Buy Zone: $14.50 - $14.80 This area offers solid support and could be a great entry for traders aiming to catch the next upward move.
Target Levels:
Short-Term: $15.50 (immediate resistance)
Mid-Term: $16.20 (key breakout zone)
Long-Term: $17.00 (if bullish momentum surges)
Stop Loss: $14.30 Place your stop below the support zone to protect against potential downside risk.
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📈 Strategy Overview
1. Enter Smartly: Look for stability in the $14.50-$14.80 range before entering. Watch for volume confirmation to signal a strong move.
2. Focus on Resistance: A breakout above $15.50 could trigger a rally to $16.20 or higher. Keep an eye on market sentiment.
3. Manage Risks: Stick to your stop-loss at $14.30. Discipline is key in volatile markets.
After a short liquidation, price movements can be sharp and unpredictable. Always confirm the trend before going all in.
This is not financial advice. Always do your own research before making trading decisions.
Are you ready to ride the UNI wave? Share your thoughts and strategy below! 🚀