A dramatic short liquidation just hit SUI, wiping out a staggering $9.17K at $4.73986! Bulls are running wild as shorts scramble to cover, driving prices higher and creating an electrifying surge in the market.
What’s Driving This Surge?
1️⃣ Bullish Momentum: SUI has broken through key resistance levels, triggering aggressive buying and forcing short sellers to exit their positions. 2️⃣ Short Squeeze in Action: With over $9K in short positions liquidated, the squeeze is amplifying, causing the price to shoot up as more traders are forced to cover. 3️⃣ Increased Volatility: Expect sharp price moves as short liquidations like this can trigger wild market swings and heightened volatility.
What’s Next for SUI?
Resistance: $4.80—This level is crucial for bulls to conquer in order to maintain the momentum and push higher.
Support: $4.70—A strong defense here could ensure the continuation of the bullish trend.
🚀 Trader’s Insight:
For Bulls: Look for confirmation above $4.80 to continue riding the wave higher, targeting even more substantial gains.
For Bears: Be cautious—shorting could be dangerous right now. Any further push above $4.80 may signal more upside, leaving shorts vulnerable.
🔥 The Big Question: Will SUI continue its explosive rally past $4.80, or will resistance bring the surge to a halt? Share your predictions below as we track this thrilling short liquidation!
Αποποίηση ευθυνών: Περιλαμβάνει γνώμες τρίτων. Δεν είναι οικονομική συμβουλή. Ενδέχεται να περιλαμβάνει χορηγούμενο περιεχόμενο.Δείτε τους Όρους και προϋποθέσεις.
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