$SUI

May 2, 2025 Market Analysis

(For reference only, does not constitute investment advice)

SUI/U (1-hour chart)

To put the market trend bluntly: the bulls failed to push prices up and have been slapped in the face.

The price once surged along the rising trend line but turned down upon reaching the previous high, and the trend line was directly smashed through by a large bearish candle. It has now completely fallen below the trend line, and there's no way to pretend it’s not happening.

Key data at a glance:

• Current price: 3.5028 U

• Entry price: 3.508 U (which is your entry point)

• Take profit target: 3.5591 U

• Stop loss position: 3.4708 U

• Risk-reward ratio: 2.38 (looks good but lacks support)

My understanding can be summarized in one sentence:

You are now like sitting on an electric vehicle with a malfunctioning brake; if 3.47 cannot hold, don’t hesitate, jump off to stop the loss.

Suggested strategy:

• For holders:

• If the price strongly rebounds above 3.52 U, then observe;

• Otherwise, execute the stop loss directly, without hesitation.

• For those who haven’t entered:

• Don’t act impulsively, now is not the time;

• Wait for it to stabilize, for example around 3.40 U, and then see if there’s hope for a turnaround.

In summary:

The upward trend has broken, faith has shattered, don’t let your account go bankrupt as well.