It’s time to buy SUI!
If you are planning to invest in SUI, timing your purchase is crucial, especially given the volatility of cryptocurrencies. Currently, SUI is trading at around $1.9886, which is down from its recent high of $2.1680. So, should you buy now or wait?
Key price levels to watch
Support levels – is it a good time to buy now?
$1.9758: This is the 7-day moving average, which may act as short-term support. If the price holds above this level and shows strength, this could be a good entry point. $1.9022: This is the recent low. If the price bounces off this level, it may provide a safer buying opportunity.
Waiting for a breakout
$2.0281: This is the 25-day moving average, which is currently acting as resistance. If the price breaks out strongly above this level and is accompanied by a large volume of volume, it may indicate strong bullish momentum. In this case, buying around $2.05 may be a safer option.
Buy on dips
$1.8647: This is the 99-day moving average. If the price continues to fall and approaches this level, it may provide a stronger support area, thus providing you with a more conservative buying opportunity.
Strategy Selection
Aggressive strategy: If you can accept short-term volatility, buying near $1.9758 may be a good option. But proceed with caution and set a stop loss below $1.90 in case the price falls further. Conservative strategy: If you want to wait for clearer signals, consider buying after the price breaks through $2.0281, or wait for the price to fall to the $1.90-1.86 range. Both strategies can give you more confirmation of the market trend.
If you want to keep up with the main business of the operation, find me and take you to layout the SUI after this wave of decline
