$SUSHI Massive Liquidation Alert on $SUSHI.

Long Liquidation: $1,846 at a critical price of $1.331.

This major long liquidation signals intense market activity, with leveraged traders losing positions as the price dipped below their liquidation thresholds. The surge in sell-offs around this level shows heightened volatility, possibly driven by:

Bearish Momentum: Sellers overpowering buyers as the market trends downward.

Stop Runs: Market makers triggering liquidations to hunt stops.

Lack of Support: Failure to defend key levels, leading to cascading liquidations.

Technical Insights:

Key Resistance: $1.35–$1.40 (a likely recovery zone).

Support Levels: Watch $1.30 closely for signs of reversal or breakdown.

Trading Tips:

For Bulls: Wait for confirmation above $1.35 to re-enter long positions with stops below $1.30.

For Bears: Continue riding the trend while monitoring oversold levels.

Stay cautious liquidation events often spark unpredictable price swings.

What’s next for $SUSHI? Will it bounce back, or are we heading deeper into bearish territory.

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