Long SUI/USDT. TF D1. Right ticker + right timing.
x3-x5 probably.
Entry - current price level
Target - $2 (x4)
Stop - below PoC level (0.43) with confirmation on D1.
Will start with FA and benchmark analysis of other L1-project (Aptos) which is quite similar:
1/ Decent L1-project with strong backing and recently listed on top-tier CEXs. So, not a lot of locked-in traders/hodlers.
2/ Around 250ml of investments from top-tier VCs (both SUI and APTOS).
3/ APT/USDT made around x5 in January, 2023 right after 4-month post-ICO bleeding period. (According to PA, it was rather possible to take x4 on APT/USDT within 1 month):
4/ SUI is currently at the end of this bleeding.
TA:
1/ Buying volume appeared (green encircled zone) + rising PA.
2/ MA squeeze (EMA 21 and EMA 55)
3/ trending RSI
4/ Price is consolidating above PoC and EMA21 and preparing to make a strong move upwards.
x3-x5 probably.
Entry - current price level
Target - $2 (x4)
Stop - below PoC level (0.43) with confirmation on D1.
Will start with FA and benchmark analysis of other L1-project (Aptos) which is quite similar:
1/ Decent L1-project with strong backing and recently listed on top-tier CEXs. So, not a lot of locked-in traders/hodlers.
2/ Around 250ml of investments from top-tier VCs (both SUI and APTOS).
3/ APT/USDT made around x5 in January, 2023 right after 4-month post-ICO bleeding period. (According to PA, it was rather possible to take x4 on APT/USDT within 1 month):
TA:
1/ Buying volume appeared (green encircled zone) + rising PA.
2/ MA squeeze (EMA 21 and EMA 55)
3/ trending RSI
4/ Price is consolidating above PoC and EMA21 and preparing to make a strong move upwards.
Trade active:
Metrics update accrording to Defillama:
Aptos - #32 place with $64 mln in TVL
SUI - #22 place with $135mln in TVL and around $10mln volume (last 24H)
Aptos - #32 place with $64 mln in TVL
SUI - #22 place with $135mln in TVL and around $10mln volume (last 24H)
Trade active:
SUI has started to making its way through DMA200 (yellow line that recently) and its volume cluster.
Also, we witnessed yesterday a green pin-bar on high volume (retest).
Hope, thing will accelerate from this point.
Also, we witnessed yesterday a green pin-bar on high volume (retest).
Hope, thing will accelerate from this point.
Trade active:
Those who have patience, will be rewarded in the end..
Trade active:
SUI - #15 place with $260 mln in TVL and around $35mln volume (last 24H)
On Nov, 21 SUI was at #22 with $135ml in TVL
On Nov, 21 SUI was at #22 with $135ml in TVL
Trade active:
1st target hit - x3
Trade active:
SUI is in TOP-10 protocols by TVL
Yesterday's red candle was a leveraged long-squeeze.
But! You can only understand and be 100%-sure only after it has happened.
So, I'm kind of Captain Obvious....
But!!
When this kind of move happens, you should always wait for a reaction and how will Price Action develop. It's only possible if you trade:
- without leverage
- higher TF (H4-D1).
This strategy gives you a lot of time to think, wait and make a right decision.