$SUI Short Liquidation Alert

A notable $27.7K in shorts was liquidated at $1.344, signaling strong bullish momentum. This could indicate a potential uptrend continuation. Here's how to plan your next move.

What’s Next?

With bullish strength building, it’s important to time your entry carefully. Follow this strategy:

Buy Zone

Entry Range: $1.320 - $1.350

Look for slight pullbacks into this range to initiate your position.

Target Levels

Target 1: $1.400 (short-term resistance)

Target 2: $1.480 (mid-term target)

Target 3: $1.550 (bullish breakout level)

Stop Loss

$1.300

Place your stop loss below this level to limit downside risk.

Key Insights

1. Bullish Momentum: Short liquidations indicate buyer strength and potential for further upward movement.

2. Volume Confirmation: Ensure strong buying volume in the buy zone before entering the trade.

3. Market Sentiment: Positive market conditions could amplify the uptrend.

Pro Tips for Trading $SUI

Patience is Key: Avoid FOMO and wait for a pullback into the buy zone.

Risk Management: Always stick to your stop-loss to safeguard your capital.

Follow Momentum: Watch for increasing volume and strength around resistance levels to confirm continuation.

Final Thought:

$SUI ’s short liquidation signals bullish strength, making it a great opportunity for a potential move higher.

Plan your trade wisely, stick to your strategy, and ride the momentum!

#BIOOnBinance #BinanceAlphaAlert #USJoblessClaimsDrop #Binance250Million #XRPBackInTop3