$SUI Long Liquidation Alert: $164.26K at $5.17366
A massive $164.26K long liquidation has just been triggered for $SUI at the price level of $5.17366. This indicates heavy selling pressure, with bulls failing to hold their ground. The market may now experience increased volatility, providing both risks and opportunities.
What’s Next?
The current liquidation event could signify one of two things:
1. A Possible Rebound: The price may stabilize or bounce back from key support levels as new buyers step in.
2. Further Downtrend: If selling pressure continues, we could see a breakdown to lower levels.
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Trading Strategy for $SUI
Buy Zone (Support Levels):
First Entry: $5.10 - $5.20
Second Entry (If breakdown occurs): $4.85 - $5.00
Target Zones (Profit-Taking Levels):
Target 1: $5.50
Target 2: $5.80
Target 3 (Aggressive): $6.00
Stop-Loss (Risk Management):
Conservative Stop Loss: $4.80 (If price closes below this, more downside is likely.)
Aggressive Stop Loss: $4.95 (For tighter risk control.)
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Key Notes:
Watch for volume spikes or whale activity around the $5.10 level.
Avoid over-leveraging; the crypto market is highly volatile.
News and events related to $SUI can heavily influence price movements.
Stay vigilant, trade smart, and always manage your risks!
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