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Good morning everyone, and a new week begins. Let's continue analyzing the trend of $SUI coin. I am only focusing on analyzing SUI coin. The current trend has already started to turn bullish, which is very unfavorable for short sellers. Since this morning, it has experienced a rapid decline (clearing liquidity in the lower market), and the daily chart has formed a long lower shadow, reaching a critical support level.
Therefore, the short-term trend moving forward is now very clear. A pullback to go long is the best option. Watch whether the 1-hour timeframe can break through the weekend consolidation zone. If it breaks through and then pulls back without breaking below, it can be a good entry point for a long.
This analysis does not constitute any investment or trading advice. Please be aware of the risks.