🚨 $SUI Long Liquidation Alert: $7,131.30 Liquidated at $3.6229
Market Analysis (SUI/USDT)
The recent long liquidation of over $7K at $3.6229 suggests that overleveraged traders got trapped just above key support. This flush may indicate a potential bounce zone, but the overall momentum needs careful assessment.
$SUI Technical Analysis
Current Market Structure:
SUI has been consolidating after an extended rally, and this liquidation event is a sign of panic from impatient longs. The wick-down around $3.62 shows that this level is being heavily watched by both bulls and bears.
Buy Zone (Accumulation Area)
$3.58 - $3.65
This zone has seen repeated absorption from buyers and aligns with recent liquidation activity. Price dipping into this range and recovering could confirm accumulation by smart money.
Targets
Target 1: $3.83 (Previous minor resistance, short-term breakout target)
Target 2: $4.05 (Daily resistance, psychological round level)
Target 3: $4.22 (Major breakout level and bullish confirmation zone)
Stop Loss
Below $3.52
A daily close below $3.52 would invalidate the bullish thesis and open the door for deeper correction toward $3.35.
Unique Insight
The liquidation at $3.6229 wasn’t just a flush — it was a message. Smart players often use such events to reset leverage and trap retail. If $SUI holds above $3.60 and pushes through $3.83 with strong volume, we could witness a fast move toward $4.22. But this play requires patience and discipline. The pain of liquidation often marks the beginning of opportunity — if you’re on the right side of the trap.