Breaking: $SUI Long Liquidation Sends Shockwaves Through the Market
A SUI long position worth $2.1603K has just been liquidated at $4.0798, signaling a critical moment for bulls as they lose grip at a key level.
This could mark the beginning of heightened volatility as the market reacts to this liquidation event.
Key Details:
Liquidation Level: $4.0798
Value Liquidated: $2.1603K
Impact: A long liquidation of this size suggests increased selling pressure, potentially leading to further downside if buyers fail to step in.
What’s Next?
1. Support Levels to Watch: If $SUI continues to drop, the next key support zones are $4.00 and $3.90.
A break below these levels could intensify bearish momentum.
2. For Scalpers: Watch for short-term relief bounces near $4.00, but keep tight stops to minimize risk.
3. For Swing Traders: Wait for signs of consolidation or a confirmed reversal before entering long.
If SUI can reclaim $4.10, it may attempt a recovery towards $4.20-$4.30.
4. Market Context: Monitor broader market sentiment and any news or events affecting SUI to anticipate further moves.
Pro Tip: Liquidation events can create sharp, sudden moves in both directions. Trade cautiously, and always use stop-loss orders to protect your positions.
Will $SUI find support and recover, or are deeper corrections ahead?
The battle between bulls and bears is heating up—prepare for the action!