$SUI isn’t breaking out yet. It’s squeezing shorts into a trap.
Up 5.94% to $1.13, but volume is only 0.4x the 20-day average. That’s not real demand. That’s thin liquidity getting pushed around while shorts pay funding at -0.002%. 🔥
RSI is only 54 on the 4h. Healthy, not euphoric. The chart is still chopping through mixed moving averages, and SUI is already 73% up its 30-day range.
At $1.20, I’d take some risk off. Until price proves it can hold there, this is a squeeze trade, not a clean trend. $BNB had stronger follow-through at this stage.
Still bullish longer term. Just not pretending this candle is confirmation.
Where does SUI top out?
#Sui #Crypto
Up 5.94% to $1.13, but volume is only 0.4x the 20-day average. That’s not real demand. That’s thin liquidity getting pushed around while shorts pay funding at -0.002%. 🔥
RSI is only 54 on the 4h. Healthy, not euphoric. The chart is still chopping through mixed moving averages, and SUI is already 73% up its 30-day range.
At $1.20, I’d take some risk off. Until price proves it can hold there, this is a squeeze trade, not a clean trend. $BNB had stronger follow-through at this stage.
Still bullish longer term. Just not pretending this candle is confirmation.
Where does SUI top out?
#Sui #Crypto