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khalidKamboh

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$SUI Long Liquidation: $5.2706K at $3.88742 What's Next for SUI. Recently, a significant long liquidation occurred in $SUI, with $5.2706K getting liquidated at the price of $3.88742. This could signal some major market moves in the coming days, especially if it continues to affect trader sentiment. So, what does this mean for $SUI and where do we go from here. 1. Market Sentiment After Liquidation. A long liquidation of this size suggests that many traders who were betting on a rise in $SUI’s price were forced out of their positions as the price dropped below their stop-loss points. This could cause further volatility in the short term, but it might also provide opportunities for those looking to buy at lower levels. 2. Current Market Overview. After this liquidation event, we may see some short-term corrections or a potential bounce back depending on the broader market sentiment and news related to $SUI. Buy Zone. Target Price: $3.60 - $3.80 range (a potential entry zone for a rebound) Reasoning: The price has shown some support near the $3.80 level in the past, and the recent liquidation might push it even lower, which can act as a good opportunity for potential buyers. Look for signs of stabilization before entering. Target Price. Short-Term Target: $4.30 - $4.50 Long-Term Target: $5.00 Reasoning: If the market stabilizes and buying momentum picks up, these targets are reasonable, with the first one focusing on shorter-term gains and the second for a longer-term recovery. Stop Loss. Key Level to Watch: $3.50 Reasoning: If $SUI falls below $3.50, it may signal a deeper bearish trend, and it’s better to cut losses to protect your capital. Setting a stop-loss here helps limit downside risk. #MarketRebound

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