Sui has broken through the support level, and it may be time to short. After several days of continuous increase, where will Sui drop to?

A few hours ago, Sui rose from $1.93 to $1.97, which is a minor rebound after the price broke through the support level.

Sui has a support level between $1.98 and $2. If this rebound cannot return above $2, shorting is advisable; or if it rebounds to $2 but the price cannot stabilize and falls below the support level again, shorting can also be considered.

Next, I will share the logic for shorting from a few other perspectives.

One reason for Sui's continuous rise previously was due to a "move pump." At that time, Sun also experienced a surge because of a pump, but now Sun's price has already fallen back to the starting point of the rise, while Sui remains at a high level.

Additionally, the previous series of positive news about Sui triggered an on-chain frenzy, but currently, Sui's on-chain data has significantly declined, and the price may also decline significantly in the future.

Therefore, now might be a good opportunity to short Sui, which can be combined with the trading techniques I mentioned earlier.