Is $SUI the next Solana?

Sui's performance over this period of time is worthy of our layout for a week. The previous strategy has a profit of almost 40 points. Today, Lao Ai will combine the following trading strategies with fundamental information to make a layout for the SUI cycle together!

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1. Sui was launched in 2023. It is an L1 chain and smart contract platform. Lao Ai has always liked to pay attention to it, not because it is new, but because I only believe that projects that pull the market are projects that do things (PS, what we secondary participants are most afraid of is that the project party only does things and does not pull the market)

2. Native USDC will be launched on Sui through CCTP

It should be noted that USDC is one of the most important stablecoins. It is currently only issued on 15 chains. It can be seen that Sui is ahead of most old chains in terms of technology and security, although it is a new chain.

3. Sui network TVL exceeded US$1 billion, setting a record high

4. In contrast, Sui's ecosystem is still in its early stages of development and is far from the level of Solana. But simply summarizing the advantages, SUI has the potential to become the next $SOL !

Cycle trading plan:

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(1.4 is our target pressure. First of all, we should block the pressure and dare to advocate chasing at the current price. If it is pure gambling, there is no need to analyze at all)

1. The weekly line has three weeks of big positive lines. The trend is needless to say. The big trend is still bullish before the weekly structure is broken

2. The expectation of 1.4 at the daily level is also pressure. The contract here needs to be exited. Here, short-term intraday views are needed to do it. The cycle will not be updated here

3. 1.05 0.75 is the B point and C point of the ABCD structure. These two places are still key supports and can intervene in the market

Intraday views have been updated in another post