Sui peaked at $2.22 in April 2024. Prior to that, momentum indicators started to develop a major neegative divergence. Eventually, the price dropped below the previous higher high at $1.95 and went through a prolonged price correction.
The same set up is emerging. The price recently reached $5.30 but now it is dropping below the previous high (not confirmed yet) at $4.94 area. If today's daily candle closes below $1.95 and MACD lines cross and start to point downwards, I might consider to open a short position.
My overall bias for SUI is bullish. I don't usually trade with leverage. I invest heavily in SUI and I don't intend to sell any of my SUI holdings at this stage. However, if the chart set up shows me a very clear sign for a decent correction, I will consider to open a short position to swing trade in 4H chart. I will update my analysis later.
The same set up is emerging. The price recently reached $5.30 but now it is dropping below the previous high (not confirmed yet) at $4.94 area. If today's daily candle closes below $1.95 and MACD lines cross and start to point downwards, I might consider to open a short position.
My overall bias for SUI is bullish. I don't usually trade with leverage. I invest heavily in SUI and I don't intend to sell any of my SUI holdings at this stage. However, if the chart set up shows me a very clear sign for a decent correction, I will consider to open a short position to swing trade in 4H chart. I will update my analysis later.
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관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.