🚨 $SUI Short Liquidation Alert 🚨
A massive $18.817K short position was liquidated at $4.70437! This could be a game-changer for $SUI, triggering intense price action. Here’s what to watch for next:
1. Market Overview: The short squeeze could send $SUI higher in the short term as liquidated shorts push the price up. We might see a quick rally or some volatility, so be ready.
2. Buy Zone: Look for a good entry between $4.60 - $4.80. This zone may provide strong support as the price stabilizes after the liquidations.
3. Target Price: Set your target at $5.20 for a solid short-term gain. If the buying momentum continues, $SUI could even reach $5.50.
4. Stop Loss: To protect yourself from a sharp price drop, place your stop loss at $4.40. This helps minimize risk if the price breaks below support.
⚠️ Important Reminder: Liquidation events often lead to wild price movements, so always trade carefully and keep an eye on the market’s momentum.
Be prepared, trade wisely, and catch the next wave with $SUI! 🚀
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