$SUI Short Liquidation Alert 🚨
A $5.3862K short liquidation just occurred at $4.83154, signaling a shift in market momentum. With shorts being squeezed, $SUI could be ready for a strong upward move. Let’s break it down!
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What’s Happening?
This short liquidation could lead to:
1. A price surge as the squeeze forces more buying action.
2. A possible pullback as profit-taking happens after the squeeze.
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Buy Zone 🛒
Buy zone: $4.75 - $4.85. This level has shown support, making it a good entry point if the price holds.
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Targets 🎯
Target 1: $5.10 (Immediate resistance)
Target 2: $5.30 (Next key resistance)
Target 3: $5.50 (Major breakout zone)
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Stop Loss 🚫
Stop loss: $4.60. If price falls below this, further downside to $4.40 could be in play.
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What’s Next?
If price holds the buy zone: Expect a move towards $5.10 and possibly $5.30.
If price drops below $4.60: Watch for potential decline towards $4.40.
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⚠️ Disclaimer: This post is for informational purposes only. Always manage your risks wisely!
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