Analyzing $SUI , it belongs to one of the strong tokens, and its price has remained high. After three spikes at the peak, the price began to pull back, which can also be understood as a short-term top signal. Although the price decline is not very large, the risk of a downturn must be noted.
The upper resistance line at 3.5u needs to be monitored. If this range is broken, there is a high probability that it will break new highs again. If it fails to break and hold above, then the short-term top signal will be established, and the next wave will be a rapid decline, so this position is very important.
Additionally, the daily level is in a high-death cross trend. While the smaller levels can digest, the daily level will take some time to do so. Currently, in the 4-hour level, after a pullback, the price shows signs of weakness. Therefore, there may be a need for a short-term pullback. A few days ago, I marked a wave of longs, also looking for a rebound, and soon after, a rebound was achieved.
At that time, I also mentioned that even in a downward pattern, there would at least be a period of rebound. The rebound has now occurred, so at this position, there is no need to take risks. Let's continue to wait for opportunities!
