It’s $SUI again—the name that’s made so many brothers “slash their hands” because of that irritating, choppy behavior over the past days.
At the price of $0.7415, some people keep asking me whether it has already hit bottom or whether it’s going even deeper into the pit. Honestly, if you just stare at the chart and focus only on the price, then the only thing you’ll be doing is donating money to charity—straight to the exchange.
Look at what the data is “screaming” at us:
🔹 15-minute timeframe: The price is hovering around $0.7415, above the MA(20) at 0.7369 and the EMA(9) at 0.7385. This is a sign of a short-term rebound—buyers are trying to hold the line to prevent a free fall.
🔹 1-hour timeframe: Both the MA(20) at 0.7385 and the EMA(9) at 0.7380 are sticking very close to the current price. This shows selling pressure is still weighing down the market— the bears are not letting go yet. The market is extremely sensitive; if BTC just sneezes, $SUI could slip into an unstoppable DUMP.
Personally, I think the $0.735–$0.738 zone is playing the role of an important lifebuoy. If that level breaks, you can be sure there will be a long slide. But if it holds firmly, a mild PUMP to sweep the Short side’s stop-losses is the scenario I’m waiting for.
Below is my personal setup for everyone to reference the way of thinking:
🎯 Position: tentative LONG.
🎯 Entry: $0.737–$0.739.
🎯 TP: $0.755 and $0.770.
🎯 SL: $0.728 (If support breaks, you have to run—no “holding and hoping.” That’s the survival rule).
I’m still maintaining a cautious outlook and not jumping in to catch a falling knife before I clearly see buying strength. What about you guys—are you holding $SUI , or are you just standing by watching the market put on a show?
Note: This is my personal viewpoint, not investment advice. Trading always involves risk (DYOR).
#Crypto #Trading #Binance
At the price of $0.7415, some people keep asking me whether it has already hit bottom or whether it’s going even deeper into the pit. Honestly, if you just stare at the chart and focus only on the price, then the only thing you’ll be doing is donating money to charity—straight to the exchange.
Look at what the data is “screaming” at us:
🔹 15-minute timeframe: The price is hovering around $0.7415, above the MA(20) at 0.7369 and the EMA(9) at 0.7385. This is a sign of a short-term rebound—buyers are trying to hold the line to prevent a free fall.
🔹 1-hour timeframe: Both the MA(20) at 0.7385 and the EMA(9) at 0.7380 are sticking very close to the current price. This shows selling pressure is still weighing down the market— the bears are not letting go yet. The market is extremely sensitive; if BTC just sneezes, $SUI could slip into an unstoppable DUMP.
Personally, I think the $0.735–$0.738 zone is playing the role of an important lifebuoy. If that level breaks, you can be sure there will be a long slide. But if it holds firmly, a mild PUMP to sweep the Short side’s stop-losses is the scenario I’m waiting for.
Below is my personal setup for everyone to reference the way of thinking:
🎯 Position: tentative LONG.
🎯 Entry: $0.737–$0.739.
🎯 TP: $0.755 and $0.770.
🎯 SL: $0.728 (If support breaks, you have to run—no “holding and hoping.” That’s the survival rule).
I’m still maintaining a cautious outlook and not jumping in to catch a falling knife before I clearly see buying strength. What about you guys—are you holding $SUI , or are you just standing by watching the market put on a show?
Note: This is my personal viewpoint, not investment advice. Trading always involves risk (DYOR).
#Crypto #Trading #Binance