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SUIUSDT trade ideas

#SUI / USDT long trade setupNYSE:SUI was dumped by its VCs after a 20% token unlock on May 9th. This created prolonged selling pressure. However, this project is a major new L1 blockchain, and this dump has actually created a good buying opportunity. NYSE:SUI is poised to recover. There is still some selling pressure, as seen in the price action, so do not expect it to go to the moon like $PEPE. That is why I set my targets relatively low. I will update if the plan is successful. My price target for the bull run for NYSE:SUI is between $8 and $10, so NYSE:SUI at $1.05 is really cheap in my opinion. This is not financial advice. Do your own research (DYOR).
Long
by CryptoNikkoid
Alikze »» SUI | Wave 3 or short-term bullish C scenario🔍 Technical analysis: Wave 3 or short-term bullish C scenario - It has a bullish guard in the 4H time frame. - After an upswing to the 1.172 range, it has had a zigzag correction. 💎 Currently, according to the upward momentum, it can have a pullback to the broken structure (green box) to continue the upward trend. - The 1.025 area can be used as a support to continue the path. - This ascending wave can be in the form of ascending wave 3 or C in the short term. Therefore, 💎 the first target of that supply range is the 0.78 fibo range and after that the ceiling of the channel is the 1.29 range. 💎 If the upward trend continues, it can be considered as a support for the next supply area after the failure of the supply area. 💎 In addition, if the previous floor range is broken, it can invalidate the bullish scenario, in which case it should be updated. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by UnknownUnicorn7266498
#SUI Buying Frenzy: Seize the Opportunity Now!**Technical Analysis Chart Description:** Welcome to my Technical Analysis charts on TradingView! Before we dive into the analysis, it's essential to understand some important warnings: 1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data differently, leading to varied conclusions. 2. **Historical Performance Doesn't Guarantee Future Results:** Past price movements do not guarantee future price movements. While historical data can provide insights, it's crucial to consider other factors that could influence price action. 3. **Risk of False Signals:** Technical indicators and chart patterns can produce false signals, leading to potential losses if relied upon blindly. Always cross-verify signals with other indicators or fundamental analysis. 4. **Market Volatility:** Crypto markets are highly volatile and can experience rapid price fluctuations. Be prepared for sudden and unexpected price movements, which may invalidate previously identified patterns. 5. **Risk Management:** Proper risk management is essential. Never invest more than you can afford to lose, and consider using stop-loss orders to mitigate potential losses. 6. **Emotional Bias:** Avoid emotional decision-making based on short-term price movements. Stick to your trading plan and strategy, and don't let fear or greed influence your decisions. **Disclaimer for Crypto Trading:** Trading cryptocurrencies carries inherent risks, and it's important to understand the following: Cryptocurrency markets are highly speculative and can be subject to extreme volatility. Prices can fluctuate significantly within short periods, leading to substantial gains or losses. Investing in cryptocurrencies involves the risk of total loss of capital. Unlike traditional assets, cryptocurrencies are not backed by any tangible assets or central authority, making them inherently risky. Regulatory uncertainty and market manipulation are additional risks associated with cryptocurrency trading. Regulatory changes or negative news can have a significant impact on prices. This analysis is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research and consult with a qualified financial advisor before making any investment decisions in the cryptocurrency markets. By using this analysis, you acknowledge and accept the risks associated with cryptocurrency trading and agree to trade at your own discretion. The author of this analysis shall not be held responsible for any losses incurred as a result of using the information provided.
Long
by MoonTradingForecast
Descending Triangle also by the rules of the pattern, this is as low as it can go, but the breaks out never really go the full way it's just the maximum it can drop as per the pattern. but these patterns always play out you just have to watch the retest on the back side for invalidation. Also when they finish the break out the bounce back is big and fast and comes back past the triangle most of the time if not to the top of the triangle and you have to be fast anyone that's enough in this server everything else can be discussed in the other server. sorry my dudes
Short
by Grey_SB
15
SUI price: Ready...steady...Go !)Six months have passed since the publication of the previous #SUIUSDT idea During this time, the NYSE:SUI price has made a cool route: $1,16 👉 $2,10 👉 $0,88 "modestly", but in principle, everything is as predicted) Now, looking at the #SUIUSDT chart, we can say that $0.88 was the very bottom, twice confirmed. And there may be good growth ahead. Do you believe in SUI? Do you hold SUI? 💰 Then the medium/long-term target of $3.50 for #SUI is just for you
by P_S_trade
5
Sui/Usdt Latest Plan SUI/USDT is demonstrating encouraging signs of a potential uptrend on the 4-hour timeframe. The current price action suggests a promising outlook as we closely monitor the trendline resistance for a potential breakout. Should the breakout occur successfully, I foresee a robust bullish momentum materializing in the short term. Traders are advised to keep a close watch on the price action as a breakout could lead to significant upside potential in the near future.
Long
by Crypto-By-Ghazi
$SUI / USDT reached the bottom, bounce back. x5-x10 potentialNYSE:SUI is indeed a very promising project, boasting strong technology, substantial VC support, and a significant Total Value Locked (TVL). However, its tokenomics entail massive inflation, which undermines its growth potential. Nonetheless, it appears that whales have decided to defend the $1 area, resulting in a bounce back. Despite this, the recent 20% token unlock is likely to continue affecting the price, making it unlikely to pump back to its All-Time High (ATH) before VC token releases occur progressively on the way up. I maintain a moderately bullish stance on $SUI. It represents a solid and relatively safe investment opportunity with the potential for x5-x10 gains during this bull run. Please refer to the Fibonacci retracement TP outlined in the chart for further insights. Remember, this is not financial advice; always Do Your Own Research (DYOR) before making investment decisions.
Long
by CryptoNikkoid
11