$SUI ｜Losing the 1 level
Before discussing capital flows, let's first clarify the key price level.
There are usually quite a few stop-loss orders clustered around a key level. If the price moves past it, these stops are triggered all at once, and volatility often suddenly increases.
The first rebound after a breach is often seen as a litmus test: if the price is rejected near the level, the idea that support has turned into resistance is on firmer ground.
Cross-checking several indicators is more reliable than looking at just one, but even more signals still can't provide a definitive conclusion.
Before discussing capital flows, let's first clarify the key price level.
There are usually quite a few stop-loss orders clustered around a key level. If the price moves past it, these stops are triggered all at once, and volatility often suddenly increases.
The first rebound after a breach is often seen as a litmus test: if the price is rejected near the level, the idea that support has turned into resistance is on firmer ground.
Cross-checking several indicators is more reliable than looking at just one, but even more signals still can't provide a definitive conclusion.