🔥 $SUI Long Liquidation Alert: Big Moves Ahead! 🔥
A $8.9118K long liquidation has hit at $4.56241, signaling intense market activity for $SUI .
This is a critical level to watch for potential trading opportunities. Let’s break it down into actionable steps for you.
Key Levels to Watch
1. Buy Zone (Support Area): $4.40 - $4.60
This zone is where buyers might step in to support the price and create a rebound.
2. Resistance Levels (Target Zones):
First Target: $4.80
Second Target: $5.00
Trading Plan for SUI
1. Entry Point (Buy Zone):
Open a long position between $4.40 and $4.60, but wait for confirmation (e.g., price stabilizing or showing bullish momentum).
2. Target Levels:
First Target: $4.80 (take partial profit here to lock in gains).
Second Target: $5.00 (a psychological resistance level).
Stretch Target: $5.20 (if the momentum remains strong).
3. Stop Loss:
Place your stop loss below $4.30 to minimize risk in case the support breaks.
What’s Next for $SUI ?
1. Bullish Scenario:
If the price holds above the $4.40-$4.60 zone and breaks through $4.80, SUI could rally toward $5.00 or even higher.
2. Bearish Scenario:
If the price falls below $4.30, further downside could lead to a test of $4.00. Be cautious in this case.
3. Volume Indicator:
Look for a spike in buying volume near the buy zone, which could signal a potential reversal.
Final Advice
Be Patient: Wait for the price to confirm support before entering a position.
Risk Management: Stick to your stop loss to protect against unexpected moves.
Monitor the Market: SUI’s price is highly volatile, so stay alert for sudden changes driven by news or broader market sentiment.
🚀 SUI is gearing up for a move—prepare your strategy and take the opportunity!
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