Massive $SUI Long Liquidation Alert.

The crypto market never sleeps, and just witnessed a long liquidation worth $18,738 at the price level of $4.286. This event highlights the intense volatility in the market, with leveraged traders being forced out of their positions.

What Happened.

1. Long Liquidation:

A long liquidation occurs when the price drops below a trader's margin maintenance level, forcing the exchange to sell their position.

In this case, leveraged traders betting on $SUI's price rising got liquidated at $4.29048.

2. Why It Matters:

Such significant liquidations often indicate a lack of buyer strength at that price level or a sudden market-wide sell-off.

This could signal further downside pressure or act as a support level if buyers step in.

$SUI Technical Outlook.

Current Price: Monitor closely for recovery or further downside.

Support Levels:

$4.25: A potential short-term support zone.

$4.10: If the sell-off continues, this could be the next stop.

Resistance Levels:

$4.50: If bulls regain strength, this level might act as a ceiling.

Thrill of the Trade.

For traders:

Watch for a bounce opportunity near $4.25 if volume increases.

If the price breaks $4.10, we might see a deeper correction.

Always use proper risk management with stop-loss orders in volatile markets.

Will $SUI recover or dip further.

Stay tuned for the next move.

#SUI/USDT. #SolvProtocolMegadrop #BTCXmasOrDip? #SolvProtocolMegadrop #BTCMiningPeak