$SUI is caught between two liquidity walls above and below!
The current price is holding firmly on the newly formed cluster of positions at 0.785, while more long orders continue to come in.
Below, the key support zone is at 0.764 and 0.757, right where Thursday’s long lower wick reached.
Overhead resistance is concentrated at 0.812 and 0.82. This is where the market’s largest cluster of short stop-losses sits, with a very thick concentration of positions. Above that, 0.834 is the resistance level where the previous rebound was knocked back.
My scenario: price could first dip to 0.757–0.764, shake out these long positions, then stage a squeeze-driven rebound toward 0.81–0.82.
If it can convincingly hold above and break through 0.82, it could reach 0.834 very soon.
Do you think SUI will drop first, or head straight up in a squeeze?
The current price is holding firmly on the newly formed cluster of positions at 0.785, while more long orders continue to come in.
Below, the key support zone is at 0.764 and 0.757, right where Thursday’s long lower wick reached.
Overhead resistance is concentrated at 0.812 and 0.82. This is where the market’s largest cluster of short stop-losses sits, with a very thick concentration of positions. Above that, 0.834 is the resistance level where the previous rebound was knocked back.
My scenario: price could first dip to 0.757–0.764, shake out these long positions, then stage a squeeze-driven rebound toward 0.81–0.82.
If it can convincingly hold above and break through 0.82, it could reach 0.834 very soon.
Do you think SUI will drop first, or head straight up in a squeeze?
