【SUI's recent trend is quite interesting, we need to keep a close eye on key positions!】
Brothers, I just saw a piece of news: Coinidol.com: SUI Drops and Risks Falling Below $1.30, what do you think? Wow, as soon as this news broke, my hands started shaking! To be honest, SUI's recent trend is indeed a bit nerve-wracking.
Current price $1.480000, the trend is strongly upward, RSI 57.8, it still looks quite healthy. However, this news is making me a bit anxious. The news about Bitwise applying to launch a SUI spot ETF in the US was originally a big positive, but the market is worried about whether SUI will drop below $1.30. What is going on here?
I think, in this situation, we need to analyze it calmly. The support level is at $1.420800, resistance level at $1.539200, if it can break through $1.517000, then the market will really take off. My personal experience is that during such times, there often comes a pullback, and then it will continue to rise. So, my plan is as follows:
- **Position**: Currently holding a 30% position.
- **Stop Loss**: If it breaks below the support level of $1.420800, decisively cut losses, no hesitation.
- **Target**: After breaking through $1.517000, increase the position, aiming for $1.60.
Brothers, let’s discuss this market together!
📊 Key price levels:
• Support level: $1.420800
• Resistance level: $1.539200
• Breakthrough level: $1.517000
