This issue has arrived $SUI
For a coin that has a strong pull, first of all, we have to consider that the risk of going long is lower, while the risk of going short is still relatively high. You never know when the price will suddenly rise again.
At present, it has reached the top area of 2.0284. Most of the historical highs will form a large resistance area, which cannot be broken through for a while, but we can follow the trend at this time.
1.4281 is an area where the price stopped in the historical market. It is consistent with the theory of key positions. This can be regarded as an effective support level.
The second option is here 1.1311. If it can pull back here, it is equivalent to a retracement to the head, confirming the structural trend and continuing.
It is very good to use a moving stop loss for a currency like this. When it reaches the historical high, you don’t know where it will go. You can enter at a low position.
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