A significant long position in $SUI was liquidated at $4.384, indicating potential market volatility.
Support and Resistance Levels:
Support Levels:
$4.47
$4.34
$4.20
Resistance Levels:
$4.74
$4.87
$5.00
These levels suggest that if the price falls below $4.47, it may find support around $4.34 or $4.20. Conversely, upward $SUI movements may encounter resistance near $4.74, $4.87, and $5.00.
Recommendation:
Given the recent liquidation and current price action, it's advisable to hold off on new positions until the market shows clearer direction.
Monitor the support and resistance levels closely.
A break below support may indicate further downside, while a move above resistance could signal upward potential.
Always use risk management strategies, such as setting stop-loss orders, to protect your investments.
*Disclaimer:
*This analysis is for informational purposes only and should not be considered financial advice.
*Always conduct your own research before making investment decisions.*
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