Why did I decide to sell SUI at a price of $4.2?
I had been following the movement of SUI for a while, and when I found the price reached $4.2, I decided to sell. This decision was not random, but based on analysis and market observation. I noticed that this price could be a strong resistance area, and it is likely that a drop or correction could occur afterwards.
I believe that every trade must have a logical reason behind it, whether it's technical or fundamental analysis. Instead of being greedy and waiting for the price to rise further, I preferred to secure my profits and exit the trade while I was winning.
Could the price continue to rise? Possibly. But I like to work with a clear plan, and the most important thing for me in trading is risk management. The market is full of opportunities, and those who focus and calculate correctly are the ones who ultimately win.
