$SUI looks strong enough to trap late longs.
Trading at $1.12, down 5.93% today with $91.30M volume. The 4h move is worse: -5.3%. Ouch. đŹ
The bullish case is still alive: price sits above the 20d and 50d MAs, while RSI(14) at 37 is getting washed out. But volume is only 0.6x its 20d average, longs are paying 0.010% funding, and SUI remains 13% below its 30d high. That is not clean strength.
Iâve been burned buying the âdipâ while @SuiNetwork was quietly bleeding. $ETH weakness would make this uglier fast.
At $1.00, Iâd watch for a real reclaim before getting aggressive. â ïž
Am I early or late on SUI?
#Sui #Altcoin
Trading at $1.12, down 5.93% today with $91.30M volume. The 4h move is worse: -5.3%. Ouch. đŹ
The bullish case is still alive: price sits above the 20d and 50d MAs, while RSI(14) at 37 is getting washed out. But volume is only 0.6x its 20d average, longs are paying 0.010% funding, and SUI remains 13% below its 30d high. That is not clean strength.
Iâve been burned buying the âdipâ while @SuiNetwork was quietly bleeding. $ETH weakness would make this uglier fast.
At $1.00, Iâd watch for a real reclaim before getting aggressive. â ïž
Am I early or late on SUI?
#Sui #Altcoin