$SUI Long Liquidation Alert – What It Means for Traders
A $5.03K long liquidation just occurred on SUI around $0.9492. This kind of liquidation usually signals that overly leveraged long positions were forced out of the market, often creating short-term volatility and potential trading opportunities.
When long liquidations happen, price often searches for nearby support levels before stabilizing. If buyers step in, we could see a bounce from the liquidity zone.
📊 Potential Trade Setup (Spot or Futures)
Entry Zone: $0.92 – $0.95
This area sits near the liquidation level and may act as a short-term demand zone if buying pressure returns.
Stop Loss: $0.88
A break below this level could indicate further downside momentum.
Take Profit Targets:
• TP1: $1.00 – Psychological resistance
• TP2: $1.05 – Previous short-term resistance
• TP3: $1.10 – Strong momentum breakout level
Market Insight:
Liquidations often clean up excessive leverage and can reset the market structure. If volume increases near support, a relief bounce is possible. However, if selling pressure continues, SUI may test lower support levels before recovery.
$SUI #PredictionMarketsCFTCBacking #TokenizedRealEstate
