A friend of mine recently studied charts by himself and wanted to short SUI, but I stopped him.
He wanted to short SUI when it rebounded following the BTC plunge.
He shorted at 1.75. If he shorted at this position,
then the grass on his grave would be three meters high.
Why do I say that SUI is going to short in mid-to-late November?
SUI, a strong market maker, will not make an A-top, so the upward trend will be gone,
and it will also go through a two-month trading range.
This trading range is the distribution range, and it will not fall below the limit if the goods are not sold out.
So at this time, there is basically no room for chasing shorts.
Shorting at 1.75 rebounds will only have a stop loss fate.
I have always been bearish but I did not rush in and short without thinking.
I waited patiently for opportunities. Now SUI has obvious signs of shipments.
It still follows the view of oscillating bands within the range, and there is no state of falling after shorting on the right side.
Just wait, there are still opportunities for long bands.
#SUI
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