Massive Liquidation Alert on $SUI

Long Liquidation Amount: $142,520

Price Level Hit: $5.1684

The markets just delivered a shockwave as long positions worth $142.52K were liquidated at the critical price level of $5.17521. This indicates that traders who went long (betting on the price to rise) were caught off guard as the market dipped below their liquidation thresholds.

What Does This Mean.

1. Market Sentiment: The liquidation of longs signals that bearish momentum dominated, likely fueled by a sell-off or high leverage positions getting wiped out.

2. Key Price Level Breach: The price level of $5.17521 acted as a critical pivot point for longs. Breaking below it triggered cascading liquidations, adding more downward pressure.

The Bigger Picture:

This event could set the stage for heightened volatility in $SUI as traders react to the sharp move.

It’s crucial to watch support levels and volume activity closely to determine the next directional move.

What’s Next.

Support Zone: $5.10 - $5.00

Resistance Zone: $5.30 - $5.35

Thrill-seekers, stay alert! This is the moment to tighten your risk management and look for potential re-entry opportunities. Could this dip be the start of a reversal, or will the bears continue their reign? Stay tuned for the next big move in $SUI

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