It's time for another breakdown, team! Today we are analyzing and picking up Sui Network ($SUI) 💰 to our spot portfolio!
🗣 Just a year ago, both the token and its blockchain was unknown to almost all traders. Since then, $SUI confidently broke into the top 10 of CoinMarketCap, and just recently fell out of it. I'm sure, it's not justified at all because the asset is very promising📈
Why do I see a good potential in $SUI❓
From a fundamental point of view, everything is obvious 👉 a new, well-designed blockchain that is very popular among memcoin creators ⚡
➡ We can also see it in the chart of DEX trading volumes on Sui Network, which has shown a rapid growth in recent months!
Let's move on to analyzing 🔎the chart, colleagues. The asset is in a prolonged correction📉, but on 1D is still in an uptrend! Locally, price came to the large Bullish Orderblock $3.12-$3.36, and there is already a considerable bounce received✅.
This zone is our POI for openning longs and buying on $SUI👍
I will fix the position according to the growth, depending on the general sentiment on the market. But the main targets🎯 are resistance (supply) zones $3.638-$3.751, $3.889-$3.959 and $4.049-$4.299. At each area I plan to fix about a quarter of volume💰
