$UNI is up about 4% today and just tagged 7.31 on the 4h, now sitting around 7.26. Not a huge move, but volume is real, roughly $113M on Binance futures in 24h, and it's pushing straight into a wall.
On the NanoTrading Fire chart (4h) the short-side liquidity is stacked right overhead: about $49M near 7.30, $49.5M around 7.37 and $55M near 7.45. Underneath there's a big long cluster tagged around $71M just below price, POC is at 7.11, and the heavy bid bands are way lower around 6.5. The liquidation heatmap's brightest fresh bands sit at 7.33 and 7.45-7.50 above, 6.85-6.90 below.
Futures side is pretty one-sided. Top traders are about 3:1 long by position, all accounts about 1.9 long, funding is mildly positive (~0.004% per 8h) and OI ticked up to roughly $157M from ~$147M earlier today. So new money is joining the push, mostly from the long side.
My read: if $UNI can close a 4h above 7.37, that 7.45-7.50 liq band looks like the magnet. With the crowd this long though, a rejection here and a sweep back to the 7.11 POC wouldn't surprise me at all.
Who's chasing this one, and who's waiting for the retest? 🤔
NFA, just my chart notes.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
#UNI #Uniswap #NanoTrading
On the NanoTrading Fire chart (4h) the short-side liquidity is stacked right overhead: about $49M near 7.30, $49.5M around 7.37 and $55M near 7.45. Underneath there's a big long cluster tagged around $71M just below price, POC is at 7.11, and the heavy bid bands are way lower around 6.5. The liquidation heatmap's brightest fresh bands sit at 7.33 and 7.45-7.50 above, 6.85-6.90 below.
Futures side is pretty one-sided. Top traders are about 3:1 long by position, all accounts about 1.9 long, funding is mildly positive (~0.004% per 8h) and OI ticked up to roughly $157M from ~$147M earlier today. So new money is joining the push, mostly from the long side.
My read: if $UNI can close a 4h above 7.37, that 7.45-7.50 liq band looks like the magnet. With the crowd this long though, a rejection here and a sweep back to the 7.11 POC wouldn't surprise me at all.
Who's chasing this one, and who's waiting for the retest? 🤔
NFA, just my chart notes.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
#UNI #Uniswap #NanoTrading
