$SUI Long Liquidation Alert
A massive $765K long position was liquidated at $3.350, signaling a sharp price drop and a shift in market sentiment toward bearish.
Market Overview
The liquidation at this level reflects strong selling pressure, with bulls struggling to maintain momentum.
A deeper correction could be in play.
Critical Levels to Watch
🔻 Support: $3.300 — A breach here could open the door for further declines toward $3.200.
🔺 Resistance: $3.400 — Bulls must push above this level to regain control and potentially reverse the downtrend.
Strategy Outlook
• Short Consideration: If the price breaks below $3.300, consider shorting with caution.
• Wait for Confirmation: Look for a sustained break above $3.400 before entering long positions.
Stay vigilant and manage your risk carefully as the market remains volatile!
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