$SUI Short Liquidation Surge! ๐จ๐ฅ
A massive short liquidation of $15,915 just triggered at $4.61585, forcing the bears to exit their positions. This could be the start of a bullish breakout, with the price moving higher as sellers are squeezed out. Letโs take advantage of this move! ๐
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Whatโs Happening?
Short liquidations suggest bearish pressure is weakening, opening the door for bulls to take control.
If buying momentum picks up, $SUI could see a significant price jump.
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Plan for Entry (Buy Zone):
Buy Zone: $4.60โ$4.65
Look for price stabilization or signs of strength before entering in this range.
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Targets:
Target 1: $4.80
Target 2: $5.00
Target 3: $5.20 (if the momentum continues strong).
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Stop-Loss:
Set Stop-Loss: $4.50
Keep your risk in check in case the price falls below support levels.
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Key Indicators to Watch:
1. Volume Spike: Increased volume above $4.61585 will confirm that buyers are stepping in.
2. Resistance Levels: Watch for resistance near $4.80 and $5.00โbreaking these levels could fuel further upward movement.
3. Support Levels: Keep an eye on $4.50; if this level holds, itโll show strong support for a continued rally.
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Next Steps:
If $SUI breaks above $4.80 with strong momentum, the price could quickly move toward $5.00.
Stay alert if it falls below $4.50โthis may indicate a pullback or trend reversal.
Stay focused, manage your risk, and catch the wave of this bullish move! ๐
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