Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Recently, the trend of SUI has indeed attracted a lot of attention. Opening the candlestick chart, that large bullish candle shot straight upward, and the comments section on the trading software was very lively—some missed the bottom, some holding positions felt both excited and anxious. As someone who has been involved in this market for many years, I have to be honest: this rally looks impressive, but there are many hidden dangers beneath the surface.
**The bulls are indeed gaining strength, but this is not bluster**
This rise of SUI is not a false alarm. From the chart, it has forcibly broken through the upper band of the Bollinger Bands, and most importantly—trading volume has increased simultaneously. This indicates that genuine funds are participating, not just a few retail traders speculating. This point cannot be ignored.
But I have to say: the more rapid the increase, the sharper the correction tends to be. Many people are now watching this surge with envy, eager to jump in immediately. Such mentality is precisely the easiest to cause problems. There are plenty of market opportunities, but only those who survive the next round are the winners.
**Technical warning signals are emerging**
From another perspective, the RSI indicator has already exceeded 90. Those familiar with technical analysis know that the normal range for this indicator is between 0 and 70. Once it exceeds 80, caution is needed; RSI over 90 essentially means this rally's "stamina" is nearing its peak. Overbought conditions don’t necessarily mean an immediate decline, but they do indicate that the market is already at a relatively high level, with less room to go higher, and risks are accumulating.
The operational logic at this point should be very clear: it’s not that you can’t participate, but you must understand your own risk tolerance. You can chase in, but you should have a mental contingency plan prepared in advance.