$SUI Short Liquidation Alert

A short position worth $8.39K was liquidated at $4.19862.

This indicates strong buying pressure and a potential upward momentum in SUI.

What’s Next?

Following this liquidation, $SUI could either push higher or consolidate before making its next move. Let’s break it down:

Buy Zone:

$4.10 - $4.20

This is a strong support area where buyers may continue to dominate. Wait for bullish confirmation like green candles or increasing volume before entering.

Targets:

1. Short-Term Target: $4.35

This is the immediate resistance where partial profits can be booked.

2. Mid-Term Target: $4.50

A strong push could take $SU to this level.

3. Long-Term Target: $4.70

If momentum remains strong, this is a major target.

Stop Loss:

Set your stop-loss at $4.00.

This is slightly below the buy zone to limit potential losses.

Key Tips:

1. Volume Matters: Rising volume near the buy zone confirms bullish momentum.

2. Market Sentiment: Monitor Bitcoin and broader market trends, as they often influence SUI.

3. Risk Management: Never risk more than 1-2% of your portfolio on a single trade.

Stick to your plan, stay patient, and trade with confidence!

This is not financial advice. Always DYOR before making investment decisions.

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