$SUI Liquidation Alert: $172K Longs Cleared at $4.305
The market has just liquidated a significant long position, indicating strong selling pressure at the $4.305 level. This move could signal a shift in momentum, and traders should proceed cautiously.
Key Levels to Watch:
Support: $4.20 – This is the $SUI next critical level where buyers might step in. If it breaks, expect further downside.
Resistance: $4.50 – Sellers are likely to defend this zone strongly. A breakout above could reignite bullish momentum.
Suggested Moves:
If support at $4.20 holds, consider a cautious buy with a tight stop-loss below $4.15.
.If the price falls below $4.20, look for a short-selling opportunity targeting $4.00.
.For conservative traders, wait for a clear break and close above $4.50 for confirmation of bullish strength.
Stay sharp and manage your risk!