Is it okay to buy $SUI now?
According to fundamental analysis, I believe that $SUI in the upcoming #crypto season will at least enter the Top 20 and reach an FDV of about 50b to 70b.
So if you buy SUI at 2u, you will still make a profit, but the risk /2 if $BTC fluctuates is quite large. Therefore; it is necessary to analyze the price line technically a bit.
+ Currently; $SUI is at the important resistance level of $2.2u, so it is difficult to avoid the selling pressure of short-term traders to take profits.
+ But when SUI breaks through this level, it is very easy to go up to the $3u area
+ SUI price is above important MA lines, showing that the strong uptrend is still being maintained.
+ the safe buying zone around $1.6u is nice to hold until uptrend but also need to observe to stoploss if price breaks $1.6 leading to break the uptrend.
This is MY personal opinion, what do you think ??
