Uniswap: $215K Long Liquidated at $10.73 — Short-Term Weakness Likely
I noticed a $215,000 UNI long was liquidated at $10.73. That forced exit likely knocked out a cluster of stops and added downside pressure in the short term.
I see this as a sign of increased volatility and potential short-term weakness around current levels. I’d wait for clear support or a rebound with volume before committing new long exposure.
Analysis
Recommendation
Avoid initiating new long positions right now; wait for price stabilization and confirming volume/support or a clean reversal signal. If trading, use tight risk management and predefined stops.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.