$SUI

Long Liquidation Alert! What’s Next?
A major long liquidation of $198.89K just happened at $3.39538 for SUI. This means traders who were betting on higher prices got forced out of their positions. So, what does this mean for you? Should you buy, sell, or wait? Let’s break it down.
Understanding the Situation
When a big liquidation happens, it can lead to short-term price dips.
This could create a buying opportunity if the price finds strong support.
However, if selling pressure continues, SUI might drop further.
Buy Zone, Target & Stop Loss
Buy Zone
Entry Range: $3.10 – $3.30
Why? This is a strong support area, where buyers might step in again.
Target (Profit Zone)
1️⃣ Target 1: $3.55 → First resistance level
2️⃣ Target 2: $3.80 → Strong breakout zone
3️⃣ Target 3: $4.20 → If momentum is strong, this could be the next major target
Stop Loss (Risk Management)
Stop Loss: $2.95
Why? If the price falls below this, the trend could turn bearish. It’s best to cut losses early and wait for a better entry.
Market Sentiment & Strategy
If SUI holds above $3.30, bulls could regain control.
If it drops below $3.10, be cautious—more selling could come.
Best Strategy: Wait for a bounce in the buy zone before entering.