SUI is around 0.86u now. I’m a bit more bullish on direction, but I’m not chasing this level.
The trend hasn’t gone bad. The 7-day contract is up more than twenty points: it went from 0.63 all the way to 0.955. After topping out, the whales are still adding—over the past 7 hours, the large holders’ long position ratio has been raised by another 16%, with 75% of the position piled into longs. In the spot market, over the last 3 hours, the money flow has been positive for 12 K-lines straight—net inflow is about $180 million. The fee rate is only 0.01% (one ten-thousandth), and there hasn’t been a leveraged bubble.
But the reason I’m not chasing on the short term is right here: at 13:00, that hourly candle dropped directly from 0.953 to 0.772—one single K-line wiped out nearly 20%. Volume spiked to 4 times the average, and the sell pressure at the high was absolutely real. Now the spot market’s active buy orders are weaker than sell orders by a noticeable margin; price is trading below the 15-minute MA20. RSI is at 75 and overbought, so chasing is not great on value.
In plain terms, the main players are picking up at lower levels, but the order book needs time to digest this sharp rally.
I’m inclined to wait—buy after a pullback to 0.83–0.85 if it doesn’t break, or wait until the price reclaims 0.89 and confirms that the rebound is effective. The ticket I just cleaned up: it’s more comfortable to get in after it holds steady than to rush into a rebound.
#sui $SUI
The trend hasn’t gone bad. The 7-day contract is up more than twenty points: it went from 0.63 all the way to 0.955. After topping out, the whales are still adding—over the past 7 hours, the large holders’ long position ratio has been raised by another 16%, with 75% of the position piled into longs. In the spot market, over the last 3 hours, the money flow has been positive for 12 K-lines straight—net inflow is about $180 million. The fee rate is only 0.01% (one ten-thousandth), and there hasn’t been a leveraged bubble.
But the reason I’m not chasing on the short term is right here: at 13:00, that hourly candle dropped directly from 0.953 to 0.772—one single K-line wiped out nearly 20%. Volume spiked to 4 times the average, and the sell pressure at the high was absolutely real. Now the spot market’s active buy orders are weaker than sell orders by a noticeable margin; price is trading below the 15-minute MA20. RSI is at 75 and overbought, so chasing is not great on value.
In plain terms, the main players are picking up at lower levels, but the order book needs time to digest this sharp rally.
I’m inclined to wait—buy after a pullback to 0.83–0.85 if it doesn’t break, or wait until the price reclaims 0.89 and confirms that the rebound is effective. The ticket I just cleaned up: it’s more comfortable to get in after it holds steady than to rush into a rebound.
#sui $SUI
