Current SUI/USDT trading strategy:
1. Short Order
• Entry: 2.84
• Stop-loss: 2.93
• Take-profit: 2.65
• ✅ Strategy: SUI is testing a strong resistance area around 2.84–2.88, which is also the local peak for the week. The RSI on the 1h–4h frame is overbought, suitable for a technical shorting strategy.
• ⛔ Warning: If it breaks 2.90 with high volume (especially if BTC exceeds 108,200), SUI may shoot straight up to 3.00+, at which point it is not advisable to hold a short position.
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2. Long Order
• Entry: 2.62
• Stop-loss: 2.60
• Take-profit: 2.80
• ✅ Strategy: The support area 2.60–2.63 is the nearest bottom, with strong buying pressure in previous sessions. A long position can be opened at the bottom when there is a candle reversal signal (bullish engulfing/pin bar) on a smaller timeframe.
• ⛔ Warning: If it breaks below 2.60, the short-term uptrend will be broken, and SUI could drop significantly to the 2.42–2.48 range.
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✅ Probability assessment:
• Short: ~60% (priority because the price is testing strong resistance and the RSI is overbought)
• Long: ~40% (only open if it tests back to 2.62 with confirmation signals)
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📌 General notes:
• If BTC exceeds 108,200 → Shorting SUI is highly risky, easily subject to price manipulation.
• If BTC breaks below 105,800 → Longing SUI is risky, easily breaking support at 2.60.
👉 Trading SUI should only follow a short-term technical strategy, closely aligning with real signals and BTC's movements to avoid entering at the wrong time.
Absolutely do not hold positions.