Massive Liquidation in $SUI !
$193K Long Position Wiped Out at $4.527
$SUI just faced a major liquidation event, with a staggering $193,000 long position liquidated as the price plummeted to $4.527.
This marks a critical shift in market sentiment as bulls lose grip in a volatile environment.
Key Details:
Liquidation Trigger: Price drop to $4.527.
Market Sentiment: Increased selling pressure as bulls fail to hold critical levels.
Volatility Spike: High leverage positions are being hunted aggressively.
Next Moves for Traders:
1. For Bulls:
Watch $4.50 as a key support zone. A strong bounce here could indicate a reversal.
Avoid adding to positions until there’s clear consolidation above $4.60.
2. For Bears:
Look for a breakdown below $4.50 to confirm further downside.
Target levels: $4.40 and $4.25.
3. Risk Management:
Tighten stops in this volatile environment.
Reduce leverage to avoid forced liquidations in case of sudden reversals.
This liquidation event highlights a potential breakdown of momentum—stay sharp for rapid moves in either direction!$SUI