$SUI Long Liquidation: $1.7147K Crushed at $5.1508—Bearish Momentum Rises!
A $1,714.7 long liquidation has shaken the $SUI market at the critical $5.1508 level.
This signals growing bearish pressure as long positions are forced to exit, potentially leading to further downside action.
Key Details:
Liquidation Amount: $1,714.7
Liquidation Price: $5.1508
Market Sentiment: Bearish, with increased selling pressure dominating.
Next Moves:
1. Support to Watch: $5.00. If this level breaks, expect accelerated declines.
2. Resistance Zone: $5.30. A recovery above this could hint at a potential reversal.
Stop-Loss Suggestions:
For Long Positions: Set at $4.95 to manage risks if the downtrend continues.
For Short Positions: Place at $5.35 to safeguard gains if buyers regain control.
Stay vigilant—$SUI is in a critical zone, and decisive moves could be imminent!