Uniswap $UNI Just Faced a Massive Shakeout!
Longs Liquidated: $6.64K at $5.859 – Bulls got wrecked, but that’s where the real opportunity begins!
What’s Happening?
A heavy liquidation around the $5.859 level signals a potential bottom formation. Market makers just wiped out weak hands — now the real move could be brewing!
Here’s the Breakdown:
Buy Zone:
$5.75 - $5.88
The zone where liquidation occurred is often a reversal trap for retail. Smart money might be loading here.
Target 1: $6.35
Target 2: $6.78
Target 3 (Mid-Term): $7.50
Stop Loss:
$5.61 – Keep it tight but below recent wick lows to protect against deeper flushes.
Why This Matters:
Volume spike confirms interest around liquidation zone.
RSI & momentum indicators are rebounding from oversold.
UNI has strong historical support around $5.80.
Thrill Factor:
Market just hunted stops — now the hunters become the hunted!
This could be a V-shape bounce setup with 20-30% upside potential if $BTC holds above $66K.
Remember:
Watch for confirmation with 1H/4H candle closes above $6.00 — that’s your signal to ride the wave.
5.838
-9.17%#binanceEarning
