Massive $SUI Long Liquidation Alert.

Liquidation Amount: $5,020.1 at $4.58

Market Drama Unfolds: A major long liquidation occurred in as prices dropped to the crucial support level of $4.6100. This liquidation reflects the vulnerability of overleveraged traders caught in the price drop!

What Does This Mean?

Long Liquidation happens when traders using leverage on long positions are forced to close their trades as the price hits the liquidation level.

This indicates a bearish sentiment, where sellers dominate the market and buyers struggle to hold key support levels.

Current Market Conditions.

$SUI Price Action: Testing the $4.58 level, which previously acted as support.

Key Levels to Watch:

Immediate Resistance: $4.70 - $4.75

Critical Support: $4.50 (if this breaks, further drops are likely).

Potential Strategies.

For Traders:

1. If Bullish: Watch for a strong rebound above $4.58 with high volume. Target levels could be $4.75 and $4.85.

2. If Bearish: Look for a breakdown below $4.50 to short with targets at $4.40 or $4.30.

Risk Management:

Always use stop-loss orders to manage risks, especially during volatile conditions. For example, set stop-loss at $4.65 if you're going short below $4.58.

Market Sentiment.

The liquidation highlights a crucial pivot point for $SUI . Bulls must defend $4.58 to regain control, while bears are eyeing further downside opportunities.

Stay sharp, and don’t let the market catch you off guard.

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