$SUI
: Is a Big Move Coming? 🚀
A short liquidation of $16.643K at $4.75596 signals growing tension in $SUI's price action. This could trigger a strong rally if bulls seize control. Here's a simple yet effective trading plan to capitalize on this setup:
---
Your Game Plan:
Buy Zone:
Enter between $4.70 and $4.80, close to the liquidation level, where buyers are likely to step in.
Target Levels:
Target 1: $5.10 (key resistance level).
Target 2: $5.40 (major breakout zone).
Stop Loss:
Place your stop-loss at $4.60 to minimize potential losses if the price reverses.
---
Why This Setup Matters:
1. Short Liquidation Pressure:
When shorts are liquidated, the forced buying can create momentum, pushing prices higher.
2. Volume Confirmation:
Look for a surge in trading volume—this indicates strong participation from bulls.
3. Market Momentum:
If $SUI can hold above $4.75, it could spark confidence among buyers and lead to a breakout.
---
Tips for Success:
Watch for price consolidation around $4.75. A breakout above $4.80 with strong volume confirms the bullish trend.
Use indicators like RSI to avoid buying into overbought conditions.
Trail your stop-loss as the price climbs to lock in profits.
Reminder:
Crypto trading carries risks. Always manage your risk and never invest more than you can afford to lose. Patience and discipline are !
#CorePCESignalsShift #BTCNextMove #USJoblessClaimsFall #GrayscaleSUITrust #BinanceAlphaAlert
