Hello everyone, I am A10JQK. ♠️♥️♣️♦️ Let's analyze SUI's long and short strategies.
♠️ Price trend analysis:
From the 24-hour K-line chart, SUI has experienced a significant rise, from about $1.0 to about $1.1. The current price is fluctuating around $1.1.
♥️ Long strategy:
Entry point: $1.08-1.09
Stop loss: $1.06
Target price: $1.15 (short-term), $1.20 (medium-term)
Reason: NAVI Protocol's introduction of wBTC and reduction of USDC lending rates may bring new capital inflows, driving prices up.
♣️ Short Strategy:
Entry point: $1.12-1.13
Stop loss: $1.15
Target price: $1.05 (short-term), $1.00 (medium-term)
Reason: Ethos Wallet exit may trigger short-term selling pressure, and the current price is close to the resistance level.
♦️ Key support and resistance levels:
Support level: $1.05, $1.00
Resistance level: $1.15, $1.20
🃏 Risk warning:
1. Ethos Wallet exit may cause a short-term impact on the ecosystem.
2. The overall crypto market trend may affect SUI prices.
3. The effect of NAVI Protocol's new measures remains to be seen.
♠️♣️Operational suggestions♥️♦️
1. Set a strict stop loss to control risks.
2. Pay attention to the development of the ecosystem and changes in market sentiment.
3. Build or reduce positions in batches to avoid large-scale operations at one time.
What do you think of SUI's future? Feel free to discuss your trading strategies in the comments section. Remember, the crypto market is high risk, please invest rationally!
