$SUI The recent long liquidation of $9,669.7 at $3.92295 suggests bearish sentiment in the market. This means many traders expected SUI to rise, but the price dropped instead, leading to liquidations. However, such events often provide opportunities for informed traders to re-enter positions at key levels.

Here’s a detailed trading plan for SUI.

Buy Zone (Entry Levels).

Primary Buy Zone: $3.85 - $3.90

This zone has shown demand in the past, making it a possible area for a rebound.

Aggressive Buy Zone: $3.65 - $3.75

If SUI falls further, this deeper level could attract strong buyers.

Target Levels (Take Profit).

Short-Term Target: $4.10 - $4.20

A recovery to this zone is likely after liquidation events, as prices often test the nearest resistance.

Medium-Term Target: $4.50 - $4.60

If momentum builds, SUI could attempt a breakout above the $4.20 range.

Stop Loss (Risk Management).

Place your Stop Loss at $3.60.

This ensures you limit potential losses if the market moves against you.

Market Sentiment & Indicators.

RSI (Relative Strength Index): Check if RSI is below 30, which could indicate oversold conditions and a potential reversal.

Support and Resistance:

Support: $3.65

Resistance: $4.20

Key Considerations.

1. Monitor Bitcoin’s movement, as it often influences altcoin trends.

2. Wait for a clear volume spike at the buy zones to confirm buyer interest.

3. Avoid over-leveraging during trades, as volatility remains high.

This strategy combines price action, support/resistance levels, and risk management principles to navigate SUI's market efficiently. Always double-check market conditions and trade with a plan.

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