$SUI Recently, the token experienced a massive short liquidation, with a value of $2.0173K at a price of $4.1457. This event shows that many traders who were betting on the price going down were caught in a squeeze, and their positions got liquidated when the price moved against them. Let’s break this down in simple terms to understand the next potential moves, and what you should consider for your trading.

Next Potential Moves for $SUI.

1. Price Action Overview.

The short liquidation at $4.1457 indicates a lot of pressure on those holding short positions. This means that a strong bullish momentum is likely, as liquidated positions can push the price upwards due to the forced buying. Therefore, we might see a potential bullish trend after this event.

2. Support and Resistance Levels.

Support Zone.

The first key support lies around $4.00 to $4.05. If the price dips back to these levels, it could find support and bounce back up.

Resistance Zone.

The resistance level is around $4.30 to $4.50. If $SUI pushes above this, the price might continue to rise.

Buy Zone.

If you are planning to enter the market, the buy zone would ideally be near the support levels. A good entry point could be between $4.00 and $4.10, as this is where the price might find support and turn upwards.

Target Levels.

The target levels for the upside could be.

1. First Target. $4.50 previous resistance level.

2. Second Target. $5.00 next psychological resistance.

These levels are realistic for a price movement based on the current trend and market conditions.

Stop-Loss Levels.

To manage your risk, a stop loss should be placed just below the key support level, around $3.90. This way, if the market moves against you, you limit your loss.

Trading Strategy Recap.

Buy Zone. $4.00 - $4.10

Target 1: $4.50

Target 2: $5.00

Stop-Loss: $3.90

#SUI/USDT. #CryptoETFMania #GMTBurnVote #BitwiseBitcoinETF #CryptoRegulation2025