šØ $SUI Long Liquidation Alert! šØ
A massive $60.241K long liquidation just occurred at $4.86029 in the $SUI market! This is a huge move, and it could be the start of something big. Hereās what you need to know to potentially capitalize on it.
š Whatās Next? With such a large liquidation, expect high volatility in the SUI market. Hereās how you can prepare:
š„ Buy Zone: Watch for a pullback to $4.75 - $4.85. This zone could act as a support level, and if the price holds steady here, it might be a great opportunity for an entry.
š Target: If SUI starts to recover, target the $5.10 - $5.20 range. These are the next resistance levels, and they could be where the price struggles to break through.
ā Stop Loss: To protect your position, set your stop loss below $4.60. If the price falls under this level, the market could continue downward, and itās safer to exit.
š Strategy: Patience is key after a large liquidation like this. Wait for confirmation that the price is bouncing and showing signs of strength before jumping in.
š” Keep an eye on the volume. A surge in buying volume near the buy zone could indicate that the market is finding support and preparing for a possible rally.
Stay sharp and manage your risk! The $SUI market can move quickly, but with the right strategy, you can navigate these big price swings. Good luck! š°š
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