$SUI This move pulled from around 0.70 up to about 1.29; within 24 hours it’s up 8.80%. At the same time point, the trading value is about 132 million USDT.
What I’m watching isn’t whether another bullish candle shows up, but whether, after a push higher, there’s continued participation to pick up the selling. It’s true that volume is up on the daily, but the price is already close to the day’s high— the hotter the short-term, the more worth watching the follow-through (the bid support).
The invalidation conditions are also simple: if it returns to the middle of that day’s real body and the trading activity cools down in sync, then this burst of strength needs to be re-evaluated.
Spot observation only—this isn’t a trading instruction. The risks of a pullback after pushing higher, fading volume, and a reversal in the news flow are all present. Will you wait for the dip to get confirmed, or are you only looking to see whether the trading keeps expanding?
$SUI #BinanceSpot #Public chain watch
What I’m watching isn’t whether another bullish candle shows up, but whether, after a push higher, there’s continued participation to pick up the selling. It’s true that volume is up on the daily, but the price is already close to the day’s high— the hotter the short-term, the more worth watching the follow-through (the bid support).
The invalidation conditions are also simple: if it returns to the middle of that day’s real body and the trading activity cools down in sync, then this burst of strength needs to be re-evaluated.
Spot observation only—this isn’t a trading instruction. The risks of a pullback after pushing higher, fading volume, and a reversal in the news flow are all present. Will you wait for the dip to get confirmed, or are you only looking to see whether the trading keeps expanding?
$SUI #BinanceSpot #Public chain watch
