Recently, there has been new activity in the crypto market. Seeing this wave of SUI, it’s definitely worth paying attention to. The current price is around $1.700000, with a clear bullish momentum. The RSI indicator reads 52.6, and from a technical perspective, the outlook is optimistic.
After carefully analyzing the market structure, it looks quite comfortable. The signals favoring the bulls are quite clear, and there are signs of technical indicators turning positive. Based on observations, SUI might move within the range of $1.70 to $2.10 over the next 4 to 6 weeks. This expectation is still supported by technical validation.
Specifically, key price levels are: support at $1.632000, with resistance at $1.768000. There is a breakout point at $1.742500, which is quite critical. Once the price stabilizes and breaks through this level, there should be good room for further gains.
Our trading plan is as follows—start with a small position around the current price of $1.700000 to test the market response. If it stabilizes and breaks through $1.742500, consider gradually increasing the position. I will set the stop-loss at $1.632000; if it drops below this, exit decisively. The initial target is $1.768000, and once broken, aim for $2.10.
Honestly, this opportunity is quite interesting, but the crypto world is unpredictable, so caution is essential. The key is to strictly follow the plan and not be driven by emotions.
What do you think about SUI at this level? Feel free to share your thoughts and trading strategies!
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potentially_notable
· 01-04 23:44
SUI this wave definitely has some potential, but I still think it's more comfortable to buy in when it drops to 1.63.
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LiquidationAlert
· 01-04 21:53
SUI is indeed a comfortable position, and I am also watching the 1.742500 level.
View OriginalReply0
GasOptimizer
· 01-04 11:02
SUI this time really has some flavor, I'm also keeping an eye on it.
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CryptoHistoryClass
· 01-04 07:58
ah yes, the classic "RSI 52.6 means bullish" narrative... *checks historical charts* ...literally identical setup to what we saw before $LUNA imploded. the pattern recognition here is almost too perfect. those support/resistance levels? we've drawn those exact lines maybe 47 times this cycle already lmao
Reply0
token_therapist
· 01-04 07:57
Sui is indeed quite interesting at this price level right now; holding steady at the crucial level of 1.74 is essential.
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GasFeeWhisperer
· 01-04 07:57
SUI this time is really comfortable; I'm also watching the 1.742500 level.
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LiquidationWizard
· 01-04 07:53
Sui is indeed a good entry point, I have already entered with a small position.
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Sounds reliable, but I'm just worried it might be another trap to lure in buyers.
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If the 1.742 level breaks, go all-in directly. I don't believe 2.1 won't be reached.
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I'm a bit tempted, but the crypto market has been so volatile these days, I think I'll wait and see.
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Setting stop-loss at 1.632 is a bit tight; I usually leave more room downward.
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This analysis is pretty good; the technicals look solid, but I don't know if a black swan event might happen.
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Trying a small position with this approach is fine; wait until a breakout occurs.
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I keep watching promising coins, but in the end, they all turn into tears for the retail investors. I think I'll just continue to stay flat.
View OriginalReply0
AirdropSkeptic
· 01-04 07:40
You're trying to dump on me again, huh? I'm already tired of SUI.
Recently, there has been new activity in the crypto market. Seeing this wave of SUI, it’s definitely worth paying attention to. The current price is around $1.700000, with a clear bullish momentum. The RSI indicator reads 52.6, and from a technical perspective, the outlook is optimistic.
After carefully analyzing the market structure, it looks quite comfortable. The signals favoring the bulls are quite clear, and there are signs of technical indicators turning positive. Based on observations, SUI might move within the range of $1.70 to $2.10 over the next 4 to 6 weeks. This expectation is still supported by technical validation.
Specifically, key price levels are: support at $1.632000, with resistance at $1.768000. There is a breakout point at $1.742500, which is quite critical. Once the price stabilizes and breaks through this level, there should be good room for further gains.
Our trading plan is as follows—start with a small position around the current price of $1.700000 to test the market response. If it stabilizes and breaks through $1.742500, consider gradually increasing the position. I will set the stop-loss at $1.632000; if it drops below this, exit decisively. The initial target is $1.768000, and once broken, aim for $2.10.
Honestly, this opportunity is quite interesting, but the crypto world is unpredictable, so caution is essential. The key is to strictly follow the plan and not be driven by emotions.
What do you think about SUI at this level? Feel free to share your thoughts and trading strategies!