$SUI, it’s a bit too painfully green, I swear.
Current price around $1.13
Down about 10.9% in the last 24h, volume is relatively weak
Analysis: honestly, I didn’t go in to catch this move—I pinned it down with my hand. From 1.27 all the way down to around 1.11, the drop was brutal, but volume didn’t pick up, which suggests it isn’t panic selling dumping out. It feels more like the buy-side pulled back and there just isn’t anyone to step in. This kind of price action is the most exhausting: rebounds have no strength, and there isn’t volume to confirm the downside, so it just gets stuck in the middle and chops around. Now we’ll see whether this “1.11 knife” can be stopped. If it can’t, then we’ll have to look one more leg lower. If it does stop, then there’s something to talk about. Anyway, I’m not in a hurry—I’ve got a light position, and I’ll wait for it to give signals on its own. So… can you still sit tight?
Current price around $1.13
Down about 10.9% in the last 24h, volume is relatively weak
Analysis: honestly, I didn’t go in to catch this move—I pinned it down with my hand. From 1.27 all the way down to around 1.11, the drop was brutal, but volume didn’t pick up, which suggests it isn’t panic selling dumping out. It feels more like the buy-side pulled back and there just isn’t anyone to step in. This kind of price action is the most exhausting: rebounds have no strength, and there isn’t volume to confirm the downside, so it just gets stuck in the middle and chops around. Now we’ll see whether this “1.11 knife” can be stopped. If it can’t, then we’ll have to look one more leg lower. If it does stop, then there’s something to talk about. Anyway, I’m not in a hurry—I’ve got a light position, and I’ll wait for it to give signals on its own. So… can you still sit tight?
