Today we focus on SUI, which I talked about quite a bit last year, mainly revolving around one phrase: buy on dips. Today, let's discuss the reasoning behind it. SUI is one of the very few cryptocurrencies that maintains an intact structure. Even the significant drop at the beginning of the year had little impact on it; it still maintains an upward trend, and any minor damage will be quickly repaired. It even accurately touched the lowest point at 1.7, and unsurprisingly, it rose again. Yes, 1.7 is definitely the lowest point, so don't expect to buy SUI at a lower price this year. I called for everyone to enter and buy SUI several times during that wave. I personally bought in at 0.9 last year and sold half at 3.8 and 4.3, then bought back at 1.7. This is the best replenishment point. Unfortunately, I was stubbornly placing an order at 1.7111 and missed out on successfully replenishing.
Those who missed 1.7 can only wait for the 2.5 position, and it may not reach that in the short term. Looking at SUI's upward momentum in the second half of last year, it did not experience any pullbacks; the real pullback occurred when it rose from 0.7 to 2.3 (a threefold increase) and then dropped to 1.6 (a twofold increase), lasting three months. Then it entered a strong rise, going from 1.6 to 3.9, then from 3.3 to 5.3, each taking about a month. Currently, it's at 1.7 to 3.4 (half a month, just doubling), especially the recent surge has been very strong.
So the current gains should not be perceived as the end; for SUI, it's just a small case, just the beginning. Because SUI is strong, it’s not a speculative coin that rises and falls erratically; during pullbacks, it can still be bought. The above is about spot trading.
As for contracts, as I've always said, SUI is suitable for trading when the market comes: buy on dips, it always leads. Shorting can only be for short waves; it cannot be held for long. Being trapped may lead to no way back, and it may take a long time for it to pull back. Referring to the trend after 0.7 last year, you will see how stable and rhythmic SUI is.
☕️ 🍀 That’s all for now, wishing you good luck!
