$SUSHI Long Liquidation Alert: $4.7006K at $1.3558!
The SUSHI market has hit a significant inflection point, and those long positions are getting liquidated in rapid fashion. The liquidation value of $4.7006K at $1.3558 highlights a major downturn. If you're still holding, the risks are escalating—these liquidations could trigger even more volatility.
📊 Current price: $1.3558
📉 Momentum: Strong bearish shift, with support levels being tested at this price. The sell-off might continue as long positions unwind.
💥 Risk: Those not managing their positions may see significant losses if the bearish trend continues, making it critical to act swiftly.
Price Targets:
Bearish Target: A further drop to $1.20 could be on the horizon.
Bullish Reversal Potential: Watch for any signs of stabilization around $1.35. A reclaim could mean another attempt to push higher.
Action Plan: Tighten your stop-loss levels and stay vigilant for any signs of trend reversal. The market is volatile, and timing is everything—don't get caught in the rush of liquidations!