$SUI Long Liquidation: $19.484K at $3.92056
A major $19,484 long liquidation has struck the $SUI market as the price plummeted to $3.92056, catching leveraged traders off guard.
This sudden liquidation signals heightened volatility and an intense battle between bulls and bears.
Key Levels to Watch:
Immediate Support: $3.90 – A critical level where buyers might step in to prevent further downside.
Resistance Zone: $4.10 – A key barrier for recovery; breaking it could reignite bullish momentum.
What’s Next for SUI?
1. Bullish Scenario: If the $3.90 support holds, SUI could see a rebound toward $4.10, with potential continuation to $4.20 if volume picks up.
2. Bearish Scenario: Failure to defend $3.90 may push the price down to $3.75, increasing liquidation risk for over-leveraged longs.
Market Sentiment:
This large liquidation event reflects nervousness in the market, and traders should brace for increased volatility in the short term.
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Stay alert and trade cautiously – the next move could be critical!
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