$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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