$SUI Long Liquidation Creates Key Opportunity!
📊$5.7061K in longs liquidated at $5.2542, reflecting bearish pressure in the market. However, this also presents a potential opportunity if key support levels hold or if a breakout occurs. Let’s plan your trade.
Key Levels to Watch
Support Zone: $5.20 - $5.25 (critical area to defend).
Resistance Zone: $5.35 - $5.50 (breakout confirmation zone).
Potential Targets After Recovery:
1. $5.75 (short-term).
2. $6.00 (medium-term).
3. $6.50 (long-term).
Trading Plan for $SUI
Buy Zone
Dip Entry: $5.20 - $5.25 (if support holds).
Breakout Entry: Add positions above $5.35 with confirmed volume.
Targets
1. Target 1: $5.75
2. Target 2: $6.00
3. Target 3: $6.50
Stop Loss
Stop Loss Level: $5.10 (below support to limit risk).
What’s Next?
1. Bullish Scenario:
If SUI holds above $5.25 and breaks $5.35, expect a rally toward $5.75 and beyond.
2. Bearish Scenario:
A drop below $5.10 could signal more downside—avoid entering in this case.
💡 Tips:
Wait for Confirmation: Enter only after confirming support or a breakout.
Risk Management: Stick to a tight stop loss and proper position sizing.
$SUI is at a turning point—Stay ready for the next move! 🎯
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