$SUI

Market Analysis for $SUI

Long Liquidation Trigger: $19.898K liquidated at $4.1862 meaning bulls faced significant losses here, and this level holds importance as a resistance.

Price Action: After a long liquidation event, the market often stabilizes, consolidates, or reverses. Traders may look for new entries at strategic levels.

Buy Zone.

You can consider entering a trade in the following range:

$4.000 - $4.120

This range is close to support levels, where buying interest may increase if the market shows strength.

Target Levels Short-Term to Mid-term.

Target 1: $4.250

Target 2: $4.400

Target 3: $4.600

If the price breaks above $4.19232 with strong volume, these targets become realistic.

Stop Loss.

Set your stop loss at $3.950.

This level is slightly below the support zone to minimize losses in case of a bearish breakdown.

Trading Plan & Key Notes.

1. Confirmation: Look for bullish signs like increased trading volume or price bouncing off the Buy Zone before entering.

2. Risk Reward Ratio: Always maintain at least a 1:2 risk to reward ratio. For example, risking $0.07 for a potential $0.14 profit.

3. Market Monitoring: Watch for sudden news or market events that may affect SUI's price.

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