$SUI The Most Eye-catching Public Chain Volatile Repair Best for Regular Investment
I. Overall Trend Judgment (Core)
SUI is one of the most eye-catching public chains this year,
Current Situation: Although the price has quickly recovered to around $1.6009, it has suffered significant damage. Currently, the moving average system is chaotic, and there is a heavy amount of trapped positions above, with the market in a volatile repair period of being 'shocked and unsettled'.
The medium-term trend of SUI has weakened. The previous unidirectional rising logic has been broken, and it has now entered a wide-ranging volatile 'garbage time', where the main force will take a long time to digest the trillion-dollar trapped positions above.
II. Key Levels
Resistance Level (Selling Pressure Area):
Short Pressure: $2.00 - $2.20. Important psychological barrier and the bottom of the previous volatile platform (top and bottom reversal). When rebounding to here, a large amount of trapped positions will be released, marking the 'line of life and death' for the short term.
Strong Resistance: $3.00. The 'peak' area of this round of bull market. Unless there is a nuclear-level positive news in the fundamentals, it is absolutely impossible to surpass in the short term.
Support Level (Defense Area):
Lifeline: $1.20 - $1.30. The recent area of the actual closing low. Bulls must defend this area to form a double bottom.
Extreme Bottom: $0.80 - $1.00. The core area of that long lower shadow line. If it comes back to this point again, it will be an excellent entry point for long-term funds (second bottom exploration).
III. Trading Volume Signals
Signal: Volume spike and price drop, volume contraction and repair.
The trading volume on the day of the spike was a historical high, indicating panic selling and institutional absorption. The current contraction indicates that the market has entered a wait-and-see period.
IV. Trading Strategy
For Holders: Reduce positions on highs. Although SUI has good elasticity, the pressure above is too great. It is recommended to decisively reduce positions when rebounding to around $2.00, keeping cash.
For Non-holders: Wait for the second test.
Don't rush: The current price is neither high nor low.
Limit Orders: You can ambush 'corpse picking' at extreme positions like $1.00 - $1.20.
Logic: Aim for a second bottom rebound after a sharp drop, with a very high risk-reward ratio.
V. Summary
SUI has just experienced a 'massacre', $1.30 - $2.00. The bull is not dead, but it needs to lie down for a long time!
