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Sui Price Alert: Prepare for Potential Drop Below $3.9 Amid Key Events

Attention Sui holders: there’s a possibility that the price could dip below $3.9 in the coming days. With at least three major events set to unfold this week, the market may experience some volatility that could directly impact Sui's value. Yesterday, I sold my position around $4.88 and also explored several other niche coins, which I believe could follow the same trend and adjust toward the $3.9 mark.

Why Sui May Face a Short-Term Correction

Looking at Sui’s price movement, it has risen impressively from its initial value of $0.4 to the current $4.5, representing a more than tenfold increase. This is an outstanding performance compared to many niche coins. However, despite this remarkable growth, Sui has yet to undergo a significant correction. A price adjustment seems inevitable, and it could be signaling a larger move in the market. As the saying goes, "buy when it’s quiet, sell when it’s busy."

Strategic Advice: Lock in Profits and Stay Disciplined

The current price level seems to have reached its short-term peak, so if you’re holding profits, now might be the time to consider securing them. It’s crucial to avoid losing hard-earned gains due to a small price correction. Remember, patience and discipline are key to long-term success in the crypto market. Stay grounded, don’t get overly confident when the market is in your favor, and remain calm even when facing losses.

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anaging risk!
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$BTC



Hey Binance family, buckle up! We're about to dive into some exciting Bitcoin (BTC) price action.
A Dip Before the Climb
Remember our earlier analysis where we predicted that BTC wouldn't complete its correction without dipping to around 89k? Well, it looks like we were right!
The Story of the Drop
A few days ago, BTC surged above 102k, causing a wave of optimism. But then, BAM! A sudden drop caught many traders off guard.
Why This Dip Was Expected
Let's take a look at the daily chart. After reaching the peak of wave 3, we entered a corrective wave 4. This wave 4 is a zigzag, consisting of sub-waves A, B, and C.
* Wave B ended precisely at the 0.618 Fibonacci level.
* Currently, we're in wave C of the correction.
* The minimum target for wave C is the 0.382 Fibonacci level, which aligns with the 89k price point.
The 89k Signal: Our Watch Point
We're expecting a signal at 89k to confirm that the correction is over and the next bull run towards 120k is about to begin.
Binance is Here to Support You
As always, Binance is committed to providing you with the latest information and tools to navigate the crypto market.
Stay Tuned!
The crypto space is dynamic and constantly evolving. We'll keep you updated on all the latest developments surrounding Bitcoin and the broader market.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please do your own research before making any investment decisions.
Let's discuss! Share your thoughts on the Bitcoin correction and the upcoming bull run in the comments below.
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