Major UNI Liquidation Alert
A $83.1K short position on $UNI was liquidated at $6.221! The bears tried to pull UNI lower, but the surge in demand pushed them out of the game.
Key Observations:
UNI is showing strong resilience around the $6.2 level.
This liquidation hints at growing bullish momentum and potential short squeezes.
Market sentiment could be shifting, with bulls eyeing the next resistance zones.
Next Move:
1. Traders:
For bulls: Look for a clean breakout above $6.3 for confirmation of further upside. Consider scaling in with tight stop losses around $6.15.
For bears: Be cautious! Only consider shorts if UNI fails to break $6.3 convincingly and shows weakness.
2. Investors:
Keep an eye on overall market trends. A breakout above $6.5 could signal a larger upward trend.
Stay updated on UNI ecosystem news for catalysts. $UNI
Market Insight: Liquidation events often lead to volatility spikes. Watch closely for opportunities! Are the bulls preparing for a run? Stay sharp and trade wisely!