Just now, the latest price of UNI dropped to $8.635, just 3 dollars away from 'brother' Huang Licheng's UNI long liquidation line of $8.632! This guy leveraged 80,000 UNI at 10 times, now he has a floating loss of $84,800. Although the long position in ETH in his account made $38,900, this hole in UNI is about to bust!
News:
Who is Huang Licheng? The 'investment madman' in the crypto world, trading contracts like buying groceries. This time he made a happy profit by going long on ETH with 25 times leverage, but insisted on going all in on UNI with 10 times leverage. The opening price was $9.693, and now UNI has dropped to $8.635, resulting in a direct loss of over $80,000. His liquidation price is stuck at $8.632, and for every dollar the price drops now, the account risk increases by a point! If it breaks this line tonight, forced liquidation could be triggered at any moment, and 80,000 UNI sold off will make the market shake three times.
Technical aspect:
That's what you call a 'heart-wrenching green': the 1-hour K-line death cross is hovering above the zero axis, and the downward trend cannot be stopped at all. The 'rebound pressure' above is stuck at 9.4; to rebound, it must first pass this hurdle; the 'first support' below at 8.78 has already been pierced, and now 8.635 is swaying near the 'big support order'. Is this support order real capital protecting the market, or a trap to lure buyers? Considering Huang Licheng's position, if he holds on without closing the position, these support orders might be his own rescue; if he can't hold on, once the support orders are withdrawn, even the major support at 8.0 might not be maintained!
Personal opinion: Now is not the time to panic; it is a critical period for 'scooping up bargains' and 'avoiding risks'. The old fox like Huang Licheng hasn't cut losses, indicating he bets on a market rebound; but the technical death cross + liquidation crisis indicates a strong bearish trend. Players shouldn't learn from him to use high leverage recklessly; be careful not to become someone who catches flying knives.
Operation suggestion:
The Stable Party: Wait for UNI to hold the support level at 8.78, or wait for a strong bullish candle before taking action. Buying at the bottom now is like giving away money;
The Radical Party: Want to test the waters? Use light positions to bet on a rebound, stop loss must be set below 8.5, if you lose 10%, just run, don't fall in love with the battle;
Everyone: Keep a close eye on Huang Licheng's position! If it holds at 8.632 tonight, the probability of a rebound is high; if it breaks... quickly reduce your position and wait for news.
I am Jin Min from the cryptocurrency circle. Follow me, and I will teach you how to catch this wave of market and eat the whole fish! If you don't know how to time it, Jin Min will provide real-time analysis in the village, giving the current best entry point.
