$SUI
SUI Price Action Healthy Correction or Reversal?
been tracking $SUI for last few days and this move was wild.
on Sep 21 it was around $0.7989, then it pumped straight to $1.0815. That's almost 35% in just 3 days. Now we are at $0.9581, down -1.14% today with 24h volume $98M+.
on the 1H chart I can see clear rejection from 1.08 area. That was a strong resistance. After the rejection price dropped to 0.9324 and now it is consolidating between 0.95 - 0.97.
for me 0.932 is the level to watch. as long as we stay above it, this is just a healthy pullback. if we break it, we can see $0.90 and even 0.88. on upside, 1.02 is first resistance, then 1.0815.
I personally booked my long near 1.06, didn't want to hold through this BTC dump (-2.6%). now I am in spot only, waiting. no new leverage here.
SUI fundamentals are still good, so I am not bearish long term. just being careful short term.
are u buying this dip or waiting for 0.90?
NFA, just sharing my view.
SUI Price Action Healthy Correction or Reversal?
been tracking $SUI for last few days and this move was wild.
on Sep 21 it was around $0.7989, then it pumped straight to $1.0815. That's almost 35% in just 3 days. Now we are at $0.9581, down -1.14% today with 24h volume $98M+.
on the 1H chart I can see clear rejection from 1.08 area. That was a strong resistance. After the rejection price dropped to 0.9324 and now it is consolidating between 0.95 - 0.97.
for me 0.932 is the level to watch. as long as we stay above it, this is just a healthy pullback. if we break it, we can see $0.90 and even 0.88. on upside, 1.02 is first resistance, then 1.0815.
I personally booked my long near 1.06, didn't want to hold through this BTC dump (-2.6%). now I am in spot only, waiting. no new leverage here.
SUI fundamentals are still good, so I am not bearish long term. just being careful short term.
are u buying this dip or waiting for 0.90?
NFA, just sharing my view.
