$SUI is not “cheap” just because it’s under $1.
It’s $0.9781, down 6.63% today, with $42.87M traded. The 4h move is -6.2%, RSI sits at 39, and volume is only 0.5x its 20d average. That’s weak pressure, not capitulation.
I’ve been burned buying the first red candle. Shorts are paying -0.008% funding, but the @SuiNetwork MAs are still chopping, and SUI is 24% below its 30d high. Against $BTC, this still needs proof.
At $1, I’d wait for a reclaim and retest, not chase a bounce. Opportunity is there. So is the trap ⚠️📉
Would you enter here or wait for a retest?
#Sui #Altcoin
It’s $0.9781, down 6.63% today, with $42.87M traded. The 4h move is -6.2%, RSI sits at 39, and volume is only 0.5x its 20d average. That’s weak pressure, not capitulation.
I’ve been burned buying the first red candle. Shorts are paying -0.008% funding, but the @SuiNetwork MAs are still chopping, and SUI is 24% below its 30d high. Against $BTC, this still needs proof.
At $1, I’d wait for a reclaim and retest, not chase a bounce. Opportunity is there. So is the trap ⚠️📉
Would you enter here or wait for a retest?
#Sui #Altcoin