🚨 $SUI Long Liquidation Alert! 🚨
A massive $7.37K long liquidation just occurred at $4.8124! The market has seen a sharp drop, but could this be the perfect chance for a bullish reversal? Let’s break it down and plan your next move!
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Market Overview:
This long liquidation shows heavy selling pressure as traders are forced out of their positions.
Liquidations like this can often create strong buying opportunities once the market finds a stable support zone.
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Buy Zone:
$4.70 - $4.80 is the first area to watch for a potential bounce. If this zone holds, it could provide a solid entry point.
If the price dips further, look for support around $4.50 - $4.60, which could offer another chance to enter.
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Targets:
Target 1: $5.00
Target 2: $5.30
Target 3 (Major Resistance): $5.50
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Stop Loss:
Set your stop loss at $4.40 to limit your risk if the price continues to fall.
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What’s Next?
1. Volume Check: Watch for increased buying volume in the $4.70 - $4.80 range. A surge in volume here could confirm that the bulls are stepping in.
2. Breakout Levels: If $SUI breaks above $5.00, the next target could be $5.30, with $5.50 acting as strong resistance.
3. Support Monitoring: If $4.70 doesn’t hold, keep an eye on $4.50 - $4.60 as the next potential support level.
Liquidations bring volatility, but also chances for profit. Stick to your plan, manage your risk, and stay alert for entry points.
Will $SUI bounce back strong or will the bears take control? Keep a close eye on price action and be ready to capitalize on the next move! Don’t miss out on the next big opportunity!
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