$SUI Short Liquidation: Bulls Strike Hard at $4.8809!
A staggering $3,302.90 in short positions was liquidated at $4.8809, marking a powerful move that has short-sellers scrambling as bullish momentum surges.
Key Details:
Liquidation Amount: $3,302.90, signaling a significant shift in market dynamics.
Critical Level: $4.8809 now acts as a firm support zone, reinforcing bullish dominance.
Market Sentiment: Buyers are driving the price upward, setting the stage for further gains.
Next Move:
1. Upside Targets: If $SUI maintains strength above $4.8809, expect potential moves toward $5.10 and $5.25.
2. Retracement Watch: A pullback to $4.85 could serve as a re-entry point for buyers before the next rally.
Stop Loss Strategy:
For long positions, set a stop-loss below $4.85 to safeguard against sudden reversals.
For short positions, avoid exposure above $4.90 as continued upward pressure is likely.
The $SUI market is heating up, and the bulls are in the driver’s seat.
Keep a close eye on volume and momentum as a breakout beyond $5.00 could ignite even stronger gains.