🚨 Massive $SUI Long Liquidation Alert! 🚨
A huge $30.984K long liquidation just occurred at $4.13065—this is a big shakeup in the market! What’s next for $SUI? Let’s break it down!
💥 Buy Zone:
Look for a potential buy zone between $3.90 - $4.10. If $SUI dips into this range, it could offer a solid entry point for a possible bounce higher.
🎯 Target Price:
First target: $4.50
If the uptrend continues: $4.80
Be aware of resistance at these levels, as they could cap the rally.
⛔ Stop Loss:
Set your stop loss at $3.70 to protect your position in case the market reverses unexpectedly.
📉 What Does This Liquidation Mean?
The long liquidation at $4.13065 signals that many traders are being forced out of their positions, which could be setting up an opportunity for new buyers. If $SUI holds above $3.90, a rebound toward higher levels is possible.
🔍 Key Insight:
If SUI bounces off the buy zone, it could reach $4.50 or $4.80. However, if it drops below $3.70, the downtrend could extend.
💡 Strategy:
Enter carefully in the buy zone, with a tight stop loss at $3.70. If the price continues to rise, aim for $4.50 and $4.80 as profit-taking targets.
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