📊 SUI: Tension Is Building — A Break Above 3.50 Could Trigger a Rally
SUI is currently trading around $3.461, sitting in a critical zone between flushed-out Longs below and a growing stack of Shorts above. This setup often marks the calm before a significant price move.
📉 Longs wiped out — support below is thin
Between $3.06 and $3.39, the Long liquidation curve (in red) shows a steady decline, indicating that most leveraged buyers have already been cleared out. This leaves the downside vulnerable — if price falls below $3.40 without a strong bounce, there’s a high risk of deeper slippage due to lack of support.
📈 Shorts piling up above — squeeze risk increasing
From $3.50 to $3.75, a dense concentration of Short positions is forming, especially around $3.59–3.66. The cumulative Short liquidation line (in green) is climbing steadily, showing that many traders are betting on a price drop — but this could backfire if SUI breaks above $3.50, triggering a short squeeze.
📌 Summary: SUI favors a bullish breakout if it clears 3.50
– Longs have been cleared, leaving downside exposed below $3.40.
– Shorts are stacked above — a breakout could force rapid covering.
– A clean move above $3.50 may accelerate price toward $3.66–3.75.
🚨 Suggested Strategy:
Watch price action closely around $3.50. If a breakout is confirmed with volume, consider entering a momentum Long. If price drops below $3.40 and fails to recover quickly, it’s safer to stay on the sidelines.
