I sold at 5.2, hoping to buy at 4.55 next support, if not then 4.7
Santo Keki
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LIQUIDATION ALERT: $81.1K Short on $SUI Crushed at $4.834!
$SUI's market momentum takes over! In a stunning move, a short position worth $81,100 on $SUI was liquidated as the price surged to $4.834 USDT. This event has sent shockwaves across the market, leaving bearish traders scrambling while bulls cheer on the rally.
Why is this significant?
Notable Liquidation: While smaller than some massive liquidations, this $81.1K wipeout reflects strong bullish momentum for $SUI.
Short Squeeze Effect: Liquidating shorts adds to buying pressure, accelerating the price rally.
Market Confidence: This move signals increasing optimism around $SUI, attracting more attention from traders.
What’s driving $SUI’s surge?
1. Growing Demand: $SUI’s underlying blockchain ecosystem could be gaining traction, boosting its value.
2. Bullish Sentiment: The market is leaning positive, with traders backing $SUI’s potential for further growth.
3. Short Liquidation Cascade: As shorts were forced to close, the added buying pressure propelled $SUI higher.
Key Points for Traders:
Resistance Levels: Watch for SUI to test $4.90 USDT breaking this level could lead to even more upside.
Increased Volatility: Liquidations often lead to sudden price swings, so expect rapid movements.
News Impact: Keep an eye on updates about SUI’s ecosystem, as new developments could further fuel its rally.
What’s next for SUI?
Stay Informed: Learn about SUI’s blockchain and its role in the market it could help explain its recent price action.
Set Alerts: Track SUI’s price movements closely to catch the next breakout or potential pullback.
Trade Smart: Manage risks effectively in a volatile market don’t overleverage and use stop-loss orders wisely.
This $81.1K short liquidation is a clear sign that bulls are gaining control in the SUI market. With momentum building, SUI could be gearing up for even bigger moves.