Massive Shakeout on $SUI
A $161.33K long liquidation just erupted at $3.7139, sending shockwaves through the market and exposing the fragility of leveraged longs. This flush has reset momentum, but it could also pave the way for the next explosive move.
Support & Resistance Levels:
Immediate Support: $3.68 – holding here keeps bulls in the game.
Strong Support: $3.55 – critical demand zone if selling deepens.
Resistance: $3.82 – first barrier that needs reclaiming.
Key Resistance: $3.95 – breakout above here could ignite a run toward $4.20+.
Market Insights:
The liquidation suggests that weak hands have been cleared, and the next move will depend on whether buyers step in with conviction. Holding above $3.68 could fuel a sharp recovery toward $3.95–$4.20, while losing $3.55 risks opening the door to a deeper retracement.
Next Target: Watch $3.82 for a short-term breakout; failure there could mean retests of the lower $3.60s before the next big rally attempt.
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