Quick data overview: $SUI | Price moves above the 1.05 level
Definition: Previous highs and lows are among the most common key price levels. The fact that price was turned back or supported here last time often influences buying and selling when it returns to this level.
How to read it: When price repeatedly crosses back and forth near a key level, both bulls and bears can get shaken out. It may be better to stay on the sidelines or trade lightly until the direction becomes clear.
Sizing your position based on the stop-loss distance is much more reliable than placing trades based on gut feeling.
#SUI
Just use this as a reference—don’t take it as gospel.
Definition: Previous highs and lows are among the most common key price levels. The fact that price was turned back or supported here last time often influences buying and selling when it returns to this level.
How to read it: When price repeatedly crosses back and forth near a key level, both bulls and bears can get shaken out. It may be better to stay on the sidelines or trade lightly until the direction becomes clear.
Sizing your position based on the stop-loss distance is much more reliable than placing trades based on gut feeling.
#SUI
Just use this as a reference—don’t take it as gospel.