$SUI SHORT LIQUIDATION ALERT
Overview:
SUI witnessed a short liquidation worth $9.0491K at $4.078, suggesting strong buying pressure. This event may signal the start of a bullish trend, offering a promising trading opportunity.
Key Levels to Watch:
Buy Zone: $4.05 - $4.10
Target Zone: $4.25, $4.50, $4.75
Stop Loss: $3.95
Next Steps:
1. Entry Point: Look for $SUI to maintain support above $4.05. Enter a position within the $4.05 - $4.10 range if the price stabilizes and shows upward movement.
2. Target Levels:
First Target: $4.25
Second Target: $4.50
Third Target: $4.75
Gradually book profits as the price approaches these levels.
3. Stop Loss: Set a stop loss at $3.95 to limit losses if the market reverses.
Why It’s Bullish:
Short liquidations often force sellers to close positions, creating upward momentum.
$SUI ability to sustain levels above $4.078 suggests strength and potential for further growth.
Reminder:
Wait for confirmation of buying momentum with volume before entering a trade.
Use proper risk management and adjust your position size based on your strategy.
Stay prepared as SUI sets up for potential gains and bullish continuation! 🚀