$SUI took the elevator and forgot that elevators go back down too
Up 33% in 7 days. It shot from 0.63 to the upper Bollinger band like it was late for a meeting. Now it's out of breath: RSI climbing, price tagged resistance, then -6% on the day. Even the Supertrend said "easy there, champ"
The market sprinted in what's supposed to be a marathon. After a move like that, a coffee break is in order: either consolidation or a return to where it started. On the weekly, the bigger trend is still bearish, so let's keep a cool head.
The market goes up like fireworks, but remember: what goes up fast makes a lot of noise coming down
#sui
Are you team "coffee break" or team "it's running again"? Tell me in the comments 👇
Up 33% in 7 days. It shot from 0.63 to the upper Bollinger band like it was late for a meeting. Now it's out of breath: RSI climbing, price tagged resistance, then -6% on the day. Even the Supertrend said "easy there, champ"
The market sprinted in what's supposed to be a marathon. After a move like that, a coffee break is in order: either consolidation or a return to where it started. On the weekly, the bigger trend is still bearish, so let's keep a cool head.
The market goes up like fireworks, but remember: what goes up fast makes a lot of noise coming down
#sui
Are you team "coffee break" or team "it's running again"? Tell me in the comments 👇
