That $73.99K long liquidation around $1.03 feels less like panic and more like weak leverage getting wiped out before the next directional move. SUI has been trading in a very emotional range lately, where liquidity hunts happen fast and late longs usually get punished first. Right now, $1.00 becomes psychological support. If buyers defend that zone cleanly, the market could attempt a recovery toward $1.08 and then $1.12. But if SUI loses $1.00 with heavy volume, downside pressure could accelerate toward the $0.96 area quickly. Resistance sits around $1.06–$1.08 where short-term sellers may reload. Traders watching momentum will likely keep stoploss below $0.99 because another sweep under support could trigger a second liquidation cascade. Next move looks volatility-driven, and if BTC stabilizes, SUI could bounce aggressively from this flush. 🎯
$SUI /USDT — Binance Liquidation Flush
That $73.99K long liquidation around $1.03 feels less like panic and more like weak leverage getting wiped out before the next directional move. SUI has been trading in a very emotional range lately, where liquidity hunts happen fast and late longs usually get punished first. Right now, $1.00 becomes psychological support. If buyers defend that zone cleanly, the market could attempt a recovery toward $1.08 and then $1.12. But if SUI loses $1.00 with heavy volume, downside pressure could accelerate toward the $0.96 area quickly. Resistance sits around $1.06–$1.08 where short-term sellers may reload. Traders watching momentum will likely keep stoploss below $0.99 because another sweep under support could trigger a second liquidation cascade. Next move looks volatility-driven, and if BTC stabilizes, SUI could bounce aggressively from this flush. 🎯