🚨 UNI LONGS JUST GOT CAUGHT IN THE LIQUIDATION TRAP!
Uniswap is showing signs of pressure after $55.7K worth of long positions were wiped out around $6.957.
🔴 What Just Happened?
The liquidation suggests leveraged buyers were caught on the wrong side of the move. This could weaken short-term bullish momentum and put UNI under additional selling pressure if buyers fail to defend nearby support.
📊 Critical Levels to Watch
- Liquidation Zone: $6.957
- Immediate Support: $6.85–$6.90
- Major Support: $6.70–$6.75
- Resistance: $7.05–$7.15
- Bullish Breakout: A strong reclaim above $7.15.
🎯 My Next Move Outlook
My short-term bias leans cautiously bearish. If UNI loses the $6.85 support area, another downward liquidity sweep toward $6.70 could develop.
However, a strong recovery above $7.05 followed by a breakout through $7.15 would challenge the bearish setup and potentially open the door to a bullish recovery.
⚡ Signal Strategy: Watch for a confirmed breakdown below support before considering shorts. Avoid chasing entries during liquidation-driven volatility.
The key question: Will UNI attract fresh buyers or face another wave of selling?
Stay disciplined. Let price confirmation lead the trade.
#UNI #Uniswap #CryptoTrading #Altcoins #LiquidationAlert
#TradFiForBeginners #WillAnthropicListOnTime #JobsReportRaisesHikeOdds #WillUS-IranTensionsBoostSafe-HavenDemand?
Uniswap is showing signs of pressure after $55.7K worth of long positions were wiped out around $6.957.
🔴 What Just Happened?
The liquidation suggests leveraged buyers were caught on the wrong side of the move. This could weaken short-term bullish momentum and put UNI under additional selling pressure if buyers fail to defend nearby support.
📊 Critical Levels to Watch
- Liquidation Zone: $6.957
- Immediate Support: $6.85–$6.90
- Major Support: $6.70–$6.75
- Resistance: $7.05–$7.15
- Bullish Breakout: A strong reclaim above $7.15.
🎯 My Next Move Outlook
My short-term bias leans cautiously bearish. If UNI loses the $6.85 support area, another downward liquidity sweep toward $6.70 could develop.
However, a strong recovery above $7.05 followed by a breakout through $7.15 would challenge the bearish setup and potentially open the door to a bullish recovery.
⚡ Signal Strategy: Watch for a confirmed breakdown below support before considering shorts. Avoid chasing entries during liquidation-driven volatility.
The key question: Will UNI attract fresh buyers or face another wave of selling?
Stay disciplined. Let price confirmation lead the trade.
#UNI #Uniswap #CryptoTrading #Altcoins #LiquidationAlert
#TradFiForBeginners #WillAnthropicListOnTime #JobsReportRaisesHikeOdds #WillUS-IranTensionsBoostSafe-HavenDemand?