$SUI just bounced 4% in 24 hours to $1.03, but that $1.05 recovery hurdle is still blocking buyers.
Van de Poppe’s call that the correction may be ending is pumping sentiment, but spot volume sits 12% below the 7-day average. The bounce has zero conviction behind it right now.
Short term? Wait for a clean 4H close above $1.05 to confirm momentum shift. Mid term, if $1 holds as support, the bearish correction thesis falls apart. No rush to FOMO here, wick rejections at $1.05 have stopped late longs twice this week.
While you wait for that confirmation signal, the Alpha DNA trading contest is live if you want to test strategies without overexposing your stack.
#Write2Earn #BinanceSquare #SUI Trading #TradingTournament
Van de Poppe’s call that the correction may be ending is pumping sentiment, but spot volume sits 12% below the 7-day average. The bounce has zero conviction behind it right now.
Short term? Wait for a clean 4H close above $1.05 to confirm momentum shift. Mid term, if $1 holds as support, the bearish correction thesis falls apart. No rush to FOMO here, wick rejections at $1.05 have stopped late longs twice this week.
While you wait for that confirmation signal, the Alpha DNA trading contest is live if you want to test strategies without overexposing your stack.
#Write2Earn #BinanceSquare #SUI Trading #TradingTournament