#SUI
I will explain from three technical aspects why I still choose to do two operations to go long on SUI when the market continues to fluctuate and fall.
First of all, you need to understand the background of this project. SUI is a new project launched last year. It has not been washed by the bull market. At the same time, it has many advantages of SOL, but SOL often has chain suspension problems, while SUI does not, so this is a project that many people are optimistic about. You can see it from the transaction volume.
Then from the big cycle, it has a potential bat pattern. It can be clearly seen on the daily line that its previous lows have been setting new lows until the beginning of September, when the closing line closed at a higher low, and then broke through the high point of the first wave, so it is not difficult to understand that it is in the three-wave upward trend in the wave theory. Looking at the small level, the naked K also broke through various resistances and stepped back to get support, so I made the decision to go long.
