#SUI is causing a stir again
Damn, how many people got liquidated by last night's SUI spike? I was almost taken out myself.
Looking at the charts:
1. The 4H candlestick shows a long lower wick, clearly indicating that the whales are sweeping stop losses in the 1.05-1.08 range.
2. 1.12 has become the new resistance level; the volume is lacking, and the low-volume pump is just manipulation.
3. The hype remains high, with retail traders pouring in to pick up the scraps.
Chasing longs at this level is just asking for trouble.
For now, I’m on the sidelines, waiting for it to retrace and stabilize at 1.05 before making any moves.
Staying cash and watching the show; no rabbits, no trades.
#交易日记 #SUI #crypto
Damn, how many people got liquidated by last night's SUI spike? I was almost taken out myself.
Looking at the charts:
1. The 4H candlestick shows a long lower wick, clearly indicating that the whales are sweeping stop losses in the 1.05-1.08 range.
2. 1.12 has become the new resistance level; the volume is lacking, and the low-volume pump is just manipulation.
3. The hype remains high, with retail traders pouring in to pick up the scraps.
Chasing longs at this level is just asking for trouble.
For now, I’m on the sidelines, waiting for it to retrace and stabilize at 1.05 before making any moves.
Staying cash and watching the show; no rabbits, no trades.
#交易日记 #SUI #crypto