$SUI Short Liquidation Alert 🚨
A $5.4241K short liquidation just occurred at $4.86772, signaling a potential change in market direction. With shorts being squeezed, $SUI might be ready for a powerful upward move. Here’s what to look for next!
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What’s Happening?
The short liquidation suggests:
1. Potential price surge as bullish momentum takes over and more buying enters the market.
2. A possible pullback if profit-taking occurs after the short squeeze.
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Buy Zone 🛒
Buy zone: $4.80 - $4.87. This level has shown strong support in the past, making it an ideal entry point if the price holds.
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Targets 🎯
Target 1: $5.10 (Immediate resistance)
Target 2: $5.30 (Key resistance level)
Target 3: $5.50 (Breakout zone)
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Stop Loss 🚫
Stop loss: $4.60. If the price drops below this, further downside could push towards $4.40.
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What’s Next?
If $SUI holds the buy zone: A rally towards $5.10 and $5.30 is possible.
If it falls below $4.60: The price could face further downside, testing support at $4.40.
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⚠️ Disclaimer: This post is for informational purposes only. Always manage your risks carefully!
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