Looking at the recent SUI market, it has increased by 27% over four days, which is quite significant. Currently, a clear double-top pattern has appeared on the 1-hour K-line chart, with the second top formed during this morning's session, followed by a correction.
There was a rebound in the afternoon, but both the rebound magnitude and strength were limited. This rebound has now basically exhausted itself. From a technical perspective, this position shows risk signals. Confirmed double-tops often indicate the exhaustion of upward momentum, and a downward correction is likely to follow.
In the short term, pay attention to the breakout of this pattern. If the price continues to decline and breaks the support, the correction space could be larger. This is a key point to watch for shorting opportunities.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
6 Likes
Reward
6
7
Repost
Share
Comment
0/400
SmartContractWorker
· 8h ago
I'm already tired of double tops. Every time they say it will drop, it ends up rallying instead. It’s so frustrating.
---
The rebound is losing strength, right? Then just wait for the bottom to be hit. Anyway, I’m not in a hurry.
---
27% gain in four days... This move was really fierce, but it feels like everyone calling for a short now is just gambling. Few are actually willing to take action.
---
Once the support level is broken, it’s game over. I just want to see how low SUI can go this time.
---
Double top confirmed? Bro, where did you learn your technical analysis? It feels like you’re confirming it every week.
---
Better to wait for clearer breakdown signals before acting. Selling now is too early and easy to get caught.
---
So, is the market currently dominated by bears or in consolidation? It feels like the market hasn’t decided yet.
---
Talking about downward corrections has been done many times, but most of the time, it doesn’t follow the usual pattern.
---
Where is the key support level? Without a specific number, it feels pretty empty.
---
Hey, it’s rare to see such a clear short signal, but I choose to stay on the sidelines. After all, the crypto world loves to go against the trend.
View OriginalReply0
AirdropHarvester
· 01-06 04:28
Once the double top appeared, I started to be cautious. This wave of SUI is about to break down, right?
I've been saying that this rally was too rapid, waiting to see the breakdown of support.
Weak rebound is a signal—brothers, the bearish window has opened.
A 27% increase just came back like this—that's the daily life in the crypto world.
After the breakdown, how much room is left? Everyone's eyes are on it.
View OriginalReply0
airdrop_whisperer
· 01-05 10:56
Once the double top appears, it's time to run. This wave of SUI's rebound is clearly weak.
A 27% increase should raise caution; the short opportunity has indeed arrived.
Rebound exhausted and still holding onto longs? Honestly, that's a bit foolish.
A breakdown is a signal. Don't say I didn't warn you then.
This position is indeed a bit dangerous; the technicals are right here.
Double top, I've seen it too many times, and it has never failed. This time, SUI is really in danger.
---
A 27% surge is too fierce, and the rebound lacks strength. This signal is too obvious. I have already cut my position in half.
---
Haha, it's the double top trick again. Retail investors should cut their losses now.
---
If the support level breaks, it will drop straight down. I bet five bucks that it will fall 15% next week.
---
Is the rebound exhausted? That means it's going to crash. The bears are coming in.
---
Damn, I should have listened to the technical analysis earlier. Now I see the double top.
View OriginalReply0
just_another_fish
· 01-05 10:44
Double top breakout means run, this wave of SUI is going to fail
---
The rebound lacks strength, feels like it's coming down
---
27% rally topped out, same old routine
---
Once support breaks, the space will be large, need to watch closely
---
The afternoon rebound was too weak, I think it's risky
---
There are indeed technical risks, should we clear out the positions?
---
Wait for the breakout confirmation before acting, no rush for now
---
I've seen this SUI pattern many times, usually not good news
---
After a double top, it's often a plunge, be careful
---
Short-term bearish, long-term to be decided
Looking at the recent SUI market, it has increased by 27% over four days, which is quite significant. Currently, a clear double-top pattern has appeared on the 1-hour K-line chart, with the second top formed during this morning's session, followed by a correction.
There was a rebound in the afternoon, but both the rebound magnitude and strength were limited. This rebound has now basically exhausted itself. From a technical perspective, this position shows risk signals. Confirmed double-tops often indicate the exhaustion of upward momentum, and a downward correction is likely to follow.
In the short term, pay attention to the breakout of this pattern. If the price continues to decline and breaks the support, the correction space could be larger. This is a key point to watch for shorting opportunities.