$UAI Liquidity is looking pretty strong, guys. Volume isn’t high, but candles moving up like this suggest there’s still strength. I think this move has more room to rise, but don’t get your hopes up as much as you did last time—this morning, it got to 0.4 and was almost completely sold off. A lot of you see the high long ratio and worry about getting liquidated, but throughout the downtrend, people kept buying the dip all the way down, so most long positions may be at higher price levels. This rebound may not reach those positions, but once the price gets to where people are holding losing positions, they may sell to cut their losses, and the price could drop sharply into a deep correction. So don’t get too eager to chase the price, but don’t assume it’ll crash just because there are lots of longs, either. $UAI

$UAI Liquidity is looking pretty strong, guys. Volume isn’t high, but candles moving up like this suggest there’s still strength. I think this move has more room to rise, but don’t get your hopes up as much as you did last time—this morning, it got to 0.4 and was almost completely sold off. A lot of you see the high long ratio and worry about getting liquidated, but throughout the downtrend, people kept buying the dip all the way down, so most long positions may be at higher price levels. This rebound may not reach those positions, but once the price gets to where people are holding losing positions, they may sell to cut their losses, and the price could drop sharply into a deep correction. So don’t get too eager to chase the price, but don’t assume it’ll crash just because there are lots of longs, either.
$UAI