$UNI Just Faced a Storm: $10K+ Longs Liquidated at $6.699
The market just shook out weak hands. Over $10,029 worth of $UNI longs were liquidated at $6.699 – a brutal flash in a sea of volatility. But when fear grips the market, opportunity often knocks.
What This Means:
This liquidation level now acts as a key psychological support. Price dipping into this zone may indicate seller exhaustion, offering a golden entry for those who dare to act while others hesitate.
UNI Technical Analysis:
Buy Zone: $6.62 – $6.72
This range surrounds the liquidation point and aligns with key horizontal support on the 4H chart. High probability demand zone where institutional bids may reload.
Targets:
Target 1: $7.09 – Reclaiming short-term resistance.
Target 2: $7.48 – Prior swing high and breakout level.
Target 3: $8.12 – Momentum target if bullish continuation follows.
Stop Loss: $6.52
Below this lies an invalidation point. A close below $6.52 would suggest bears are still in control and lower prices are likely.
Strategy Summary:
The pain of liquidation has paved the way for precision entries. Smart money watches these shakeouts like a hawk. $UNI is bleeding now, but the charts whisper a story of a possible reversal – if support holds, this may become a textbook bounce play.
Risk-Reward Outlook: High reward potential with tight invalidation. Traders should monitor volume confirmation and market-wide sentiment before execution.