$SUI Long Liquidation Alert
A notable $65,800 long position has just been liquidated at $3.163, shaking confidence among bullish traders.
This event highlights growing volatility and could be a key turning point for #SUI's next move.
What Does It Indicate?
Long liquidations often occur when prices drop sharply, triggering stop-losses on leveraged positions. This shows a lack of buyer strength at higher levels, leaving the market vulnerable to further swings.
What’s Next for $SUI ?
Bearish Outlook: If downward pressure persists, #SUI could test support at $3.100 or even $3.050. A break below these levels might intensify the sell-off.
Bullish Reversal: A bounce above $3.200 would indicate that buyers are defending the current zone, potentially pushing the price back toward $3.250 resistance.
Suggested Strategy:
For High-Risk Traders: Look for buying opportunities near $3.100 if the price stabilizes, but ensure tight stop-losses in case of further drops.
For Conservative Investors: Wait for a confirmed breakout above $3.200 before entering, reducing exposure to downside risks.
The market is heating up—stay vigilant as #SUI gears up for its next big move!
