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Have a great weekend, everyone. It’s been a while since I analyzed $SUI coins. Now I’ll share my perspective—this is only my personal analysis of the K-line price trend.
Water coin previously went through a big rally after a daily-chart breakout, and now it has already pulled back to around the previous daily pressure level. Last night, at this spot, there was also a large liquidation of long (bullish) liquidity, resulting in a very long lower wick—clearly liquidating high-leverage long positions below.
Next, there may still be some additional pullback before starting another wave of upward movement. The previous daily pressure levels will gradually evolve into support. Currently, water coin is in a relatively healthy uptrend—everyone, take your chances.
#$SUI #Gate廣場五月交易分享