Here's a thrilling post for the $SUI long liquidation trade:
๐จ #SUI Long Liquidation Trade ๐จ
๐ข Position: Long
๐ข Liquidation: $7.7444K
๐ข Current Price: $4.39676
๐ข Trade Type: Long
๐ข Entry Point: $4.35 - $4.40
๐ข Target: $4.80 - $5.00 (Upside potential)
๐ข Stop Loss: $4.20 - $4.15 (Below key support)
Current Trend:
The price is showing bullish momentum with strong support levels forming around $4.35 - $4.40.
The liquidation indicates market pressure for the upward move, signaling potential for continued buying pressure.
๐ Watch closely: If the price clears resistance near $4.60, it could trigger a larger rally toward the $5.00 range.
However, a dip below $4.15 will invalidate the long position and signal a potential reversal.
This post highlights the entry, target, and stop-loss points for a potential long position on SUI.