$SUI The token has seen significant action recently, with a long liquidation of $3.0737K occurring at the price level of $4.77055. This indicates bearish pressure and a possible price correction. Let’s dive into the details to understand the next potential moves and trading opportunities for $SUI.

Key Levels to Watch:

1. Current Trend: Bearish, as long liquidations often reflect strong selling activity.

2. Support Levels (Buy Zone): $4.30 – $4.50.

This range shows historical buying interest and could act as a rebound zone.

3. Resistance Levels (Target):

Short-Term Target: $4.80 – $5.00.

Mid-Term Target: $5.50 – $5.70.

4. Stop-Loss: $4.25.

Below this level, the bearish momentum might accelerate.

What’s Next for $SUI

Scenario 1: Bullish Reversal.

If the price bounces from the $4.30–$4.50 buy zone, it could target the $4.80–$5.00 resistance.

A breakout above $5.00 might push the price toward $5.50–$5.70, where further resistance lies.

Scenario 2: Continued Downtrend.

If the price breaks below $4.25, a deeper correction is likely.

The next support levels could be around $3.80–$4.00.

Trading Plan.

For Buyers:

Entry: Place buy orders in the $4.30–$4.50 zone.

Target: $4.80, $5.00, and $5.50.

Stop-Loss: $4.25 to manage risk.

For Sellers:

Consider short positions if the price fails to hold above $4.50.

Target: $4.00 or lower.

Pro Tips.

1. Monitor trading volume a rise in volume near support levels can confirm a potential bounce.

2. Stay updated with $SUI ecosystem developments or market news, as they can impact price action.

3. Use proper risk management don’t risk more than 2-3% of your capital on a single trade.

Would you like a chart analysis to accompany this.

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