$SUI has just liquidated a long position worth $113K at a price of $5.177, causing big movements in the market.
This could lead to some exciting and unpredictable price action soon.
Key Details About $SUI:
Current Price: $5.177
Market Sentiment: Bearish after liquidation, suggesting possible downward pressure.
Volume: Increased volume indicates strong market activity and potential volatility.
Potential Drop: Following the liquidation, SUI might face a decline as traders react.
Possible Rebound: If $SUI finds support, it could bounce back and rise toward resistance levels.
Support and Resistance:
Support Level: $4.80 - $5.00
Resistance Level: $5.50 - $5.70
Buy or Sell:
Sell: If SUI falls below support levels, it could continue to drop, so selling could be a good move.
Buy: Wait for confirmation of a rebound at support before buying, as $SUI could rise back toward resistance.
