Massive Long Liquidation Alert for $SUI

A whopping $19.894K worth of long positions just got liquidated at the price of $4.3090. Traders holding bullish bets faced a tough blow as the market turned against them.

What Happened.

This liquidation suggests a significant number of traders were overleveraged or caught off guard by the recent volatility in $SUI's price. The sell-off might have triggered cascading liquidations, adding to the downward momentum.

Possible Implications:

A bearish sentiment could persist in the short term.

Potential for more volatility as traders adjust their positions.

Strong support levels might attract dip buyers.

Key Levels to Watch:

Support Zone: If $4.31735 doesn’t hold, the next support lies around $4.20-$4.25.

Resistance Zone: Bulls need to reclaim $4.40-$4.50 for a reversal.

Pro Tip for Traders:

Always manage your risk and set appropriate stop-loss levels to avoid liquidation in volatile markets.

Stay sharp and trade wisely.

Would you like a detailed technical analysis of $SUI including buy zones, targets, and stop-loss levels.

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