$SUI Short Liquidation Alert!
Liquidation Amount: $3,285.70
Liquidation Price: $5.29866
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Key Details:
1. A significant $3.28K short position was liquidated at $5.29866, showcasing strong bullish momentum as shorts are squeezed out.
2. The $5.30 level is now pivotal—it could act as a new support if buyers sustain control or a resistance if bears push back.
3. This liquidation reflects heightened volatility, signaling that price action could accelerate in either direction depending on market sentiment.
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Next Move:
For Bulls:
1. Reentry Opportunity: If the price holds above $5.30, consider entering long positions.
2. Stop Loss: Set a stop loss near $5.20 to manage downside risk.
3. Upside Targets:
Short-term: $5.50 (immediate resistance).
Extended: $5.75-$5.80 if momentum strengthens.
For Bears:
1. Short Setup: Wait for a clear rejection at $5.50 or a break below $5.30 to reenter short positions.
2. Stop Loss: Place a stop above $5.55 to avoid further squeezes.$SUI
3. Targets:
Immediate downside: $5.20
Key support: $5.00
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Market Outlook:
The $5.30 level is critical. If buyers defend it, the price could surge toward higher resistance zones.
If sellers manage to push it below $5.20, expect a deeper pullback as confidence in the rally fades.
Monitor volume and liquidation data for further clues on market strength.$SUI
Stay alert and trade with discipline!