1. Current Recommended Direction SUI completed the unlocking of approximately 42.94 million SUI tokens today, increasing short-term supply pressure and weakening the long. Chasing highs for long positions is not recommended. Currently, the market is in a weak upward correction phase; it's advisable to wait for the war situation to become clearer before tentatively establishing positions. Avoid blindly pushing prices up and overextending. Watch whether the price can stabilize around 72,000; until it does, it's best to remain on the sidelines. 2. Position and Risk Management Recommendations: It is suggested to enter with a small initial position, gradually adding to the position only after confirmation that the conflict will not escalate. Stop-loss orders should be set in the support zone after significant easing of selling pressure. Pay attention to key levels on the monthly chart and be patient in waiting for the right timeframe. The current rebound is weak, and heavy positions at high levels carry significant risk. 3. This trading strategy is more suitable for conservative medium-term investors. Based on the catalysts of easing geopolitical tensions and the unlocking of numerous assets, it is advisable to gradually build positions after confirming trend stability. Aggressive short-term traders should avoid frequent chasing of rallies, pay attention to quick entry and exit, and avoid being repeatedly shaken out by unlocking pressure and market sentiment. "Rallies are escape windows."
SUI: Summary of discussions in Orange's muted group (Daily Market Analysis) (09:00:11 ~ 10:00:11)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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