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SUI: Bearish Momentum After Binance Liquidation

SUIUSDT on Binance shows a liquidation of a long position, totaling about $60.13k, at roughly $3.75. This indicates bearish pressure and that traders who were long faced a rapid unwind. It’s a reminder that liquidity events can trigger retracements and shorts may gain traction if price action deteriorates.
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Analysis

The market event points to a risk-off moment for SUI against USDT, with longs getting liquidated and sellers likely in control near the key level around $3.75. This kind of liquidation can attract more sellers if price fails to reclaim intraday supports, creating a short-term bearish tilt.

From a technical standpoint, a significant long liquidations often accompany sharp moves and volatility spikes. The price reaction will depend on whether buyers step in at support levels or if sellers resume momentum. If price consolidates below the liquidation price, additional downside risk increases.

Fundamentally, there isn’t enough new information to justify a strong bullish case from this single event. Traders should monitor liquidity, order book depth, and nearby supports to gauge if the move is a temporary shakeout or the start of a trend shift.

Recommendation

Given the liquidation, approach with risk controls. If you’re exposed to SUI, consider tightening stops or reducing exposure on rallies. For new entries, wait for a clear sign of demand at a defined support level before looking to re-enter. Monitor intraday volume and price action around key levels to assess the sustainability of any bounce.

If price breaks below established supports with high volume, it may signal further downside. In that case, a cautious partial exit could be appropriate while staying ready to reassess on pullbacks or strength signals from the order book.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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