$SUI Liquidation Alert: Market Whiplash Strikes!
#SUI Long Position Liquidated:
Amount: $38.7K
Price: $4.234
Another major liquidation shakes the market! SUI holders, it’s time to reassess and prepare for what’s next. Let’s break it down with a detailed game plan.
What’s Next for SUI?
With SUI trading near $4.234 after this shakeup, here’s a step-by-step strategy:
🔹 Buy Zone:
$4.00–$4.15
This area is a potential support zone where buyers might jump in. Look for stability or a bullish candle before entering.
🔹 Targets:
1. Short-Term Target: $4.50
2. Medium-Term Target: $4.80
If the market gains momentum, these levels could be ideal for taking profits.
🔹 Stop Loss:
Place a stop loss at $3.85 to minimize risk if SUI breaks below key support.
Key Points to Watch:
1. Volume Activity:
Look for increased buying volume to confirm that bulls are stepping back into the market.
2. Broader Market Trends:
SUI’s price action is influenced by overall crypto sentiment. Keep an eye on Bitcoin and other major assets for clues about the market’s direction.
3. Risk Management:
Stick to your trading plan! Never risk more than you can afford to lose, and always use proper position sizing.
4. News & Developments:
Keep track of updates related to the SUI ecosystem. Any major partnerships or announcements could trigger a price move.