$SUI ‌SUI is currently around 0.9329 USDT. Today has already gained +2.56%.


I'm not looking at the rise and fall first, but whether this position is worth touching.
In the short term, I still lean towards bearish.

Now, a few points that are more worth monitoring:
First, the continuation after a spike is generally average, chasing longs easily ends up in an awkward position.
Second, the price is already close to the resistance zone, with limited upward space and risk-reward ratio.
Additionally, this wave of rally seems more like an emotional surge, and the follow-up has not yet caught up.

I prefer to view it with this mindset: top sweep high waterfall short / rebound bull trap second waterfall short / break support chase short.
More comfortable entry point: 0.9404 USDT
Estimated target price: 0.8844 USDT
Stop-loss reference: 0.9628 USDT
Invalidation condition: 5m reclaims resistance / 15m reclaims the sweep high
Risk-reward ratio reference: 2.50R

At such times, the most feared is itchy hands; waiting for a clearer signal makes it easier to trade.
SUI2,03%
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