SUI seems overheated, and a correction is just beginning.

2024年12月19日

While this coin has the potential to surprise—thanks to strong backing from major VCs and quality market makers—it appears too overheated to sustain further growth without a correction.

In fact, the correction has already begun, as indicated by the **bearish MACD EMA crossover**.
- The **RSI also shows a significant bearish divergence**, reinforcing the likelihood of a pullback.

Adding to this, many investors were drawn in by SUI's massive pump but may now begin to lose confidence. If SUI dips below the key support level, we could see a cascade of selling pressure:
- Leverage positions liquidated.
- Stop-loss orders triggered.

Based on these signals, I anticipate a serious correction that could drive the price down to $2.

Key levels to watch:
- If SUI drops below $3.20, there’s little support until $2.35.
- Exercise caution and monitor these levels closely.

As always, **DYOR (Do Your Own Research).** 🚨

2024年12月21日

交易進行

Well well well, SUI had a strong support and bounced back in its raising channel. Some powers do not want this coin to drop yet. Huge bearish divergeance, super overbought, but +20% today.
Price action does not always reflect what the chart say

2024年12月28日

取消訂單

(I am being forced by TradingView to close this idea, but I will continue to update it using the NOTE option.)

SUI is holding around $4, but the correction still has a long way to go. This idea remains valid until the correction is complete.

Here is the updated chart. You can see the massive bearish divergence, caused by whales trying to prevent further decline.

1月4日

註釋

This idea is old, there was a correction but short and small. SUI is well supported by VC and MM

1月26日

註釋

It seems clear that SSUI will correct harshly. Be ready for it. Nothing has changed in my analysis, just a little delay due to the Trump optimism.