Massive Long Liquidation on $SUI
A staggering long liquidation of $19,844 has rocked the market at the critical price level of $4.07046, signaling a strong bearish grip.
Market Breakdown:
Buyers Hit Hard: Bullish traders faced liquidation as $SUI struggled to hold key support.
Bearish Momentum: Sellers capitalized on weak buying interest, intensifying the downturn.
📊 Key Levels to Watch:
Resistance:
$4.10 – Bulls must reclaim this level to regain control.
Support:
A break below $4.00 could open doors to $3.85, a potential liquidation cascade zone.
⚡ Volume Surge: High sell-side activity is driving sharp moves.
💡 Trader’s Edge:
Risk Management: Stay defensive with tight stop-losses.
Opportunity Watch: Look for a rebound near $4.00 for a potential reversal play.
Will $SUI recover or spiral further into bear territory? Stay vigilant as the battle unfolds!