$SUI Long Liquidation Alert
A massive $198K was liquidated at $4.408, highlighting strong bearish pressure as long positions were forcefully closed.
What’s Next?
This liquidation suggests sellers are currently in control, but opportunities exist. Here’s your actionable plan:
Buy Zone
Entry Range: $4.200 - $4.300
This support zone could offer a chance for a rebound if buyers regain momentum.
Target Levels
Target 1: $4.500 (short-term recovery level)
Target 2: $4.700 (mid-term resistance)
Target 3: $5.000 (psychological breakout level)
Stop Loss
$4.100
Protect your position by setting a stop loss below this level to minimize risk.
Key Insights
Bearish Momentum: The large liquidation confirms sellers' dominance; caution is advised.
Volume Analysis: Look for increasing volume at the buy zone to signal a potential reversal.
Market Conditions: Broader trends in the crypto market and BTC’s movement will heavily impact SUI.
Pro Tips for Trading $SUI
1. Wait for Confirmation: Look for bullish signals (higher lows or reversal candlesticks) in the buy zone.
2. Risk Management: Avoid over-leveraging; only invest what you can afford to lose.
3. Stay Updated: Watch for news or developments that could influence SUI’s price.
Final Thought:
$SUI ’s liquidation creates an opportunity for disciplined traders. Trade with caution, follow your plan, and keep an eye on market signals for the next move!
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