$SUI is a token that I have been trading frequently since last year. At first, I just found that trading SUI could make me money. After half a year, I started to understand the entire SUI project. I remember that I first mentioned SUI to my readers in the Newsletter, but because it is not a trendy coin and not a token that popular, there is not much reading volume and no response.
This year, SUI has returned to an upward trend after a short period of downturn. I want to talk about SUI again in today's article. First of all, this article is not sponsored. It is what I want to share with my readers after I have actually benefited from long-term trading, whether you prefer to invest or short-term trading. This token is more worth knowing at this time.
What is SUI ?
Sui is an independent blockchain. The original intention of the founders to build the SUI chain is to eliminate untrustworthy intermediaries and protect the privacy of users. Direct digital ownership gives everyone greater control and enables everyone to realize the value of the Internet.
This project focuses on maximum security, accessibility and creativity.
Therefore, the original token on the SUI chain is also SUI, it has its own community, and even has its own SUI wallet, which can be found in the Google store.
Transfers on the SUI chain enjoy the lowest GAS fee in the market, and can be logged in with social accounts, such as Google, Facebook, Twitch, etc.
The community is young and FUN, and SUI is also committed to developing dApps and games for SUI chain itself.

Why do I value SUI?
Yes, I value and like SUI at this moment :)
As an investor, what I value most is that SUI has not thought about retiring, and has been developing new projects, looking for new cooperation and applications.
For example, the latest project - SUI provides blockchain technology for 3DOS 3D printing intermediary. This project is easy to understand. Artists or architects upload their creations and designs on the 3DOS website, which are automatically cast into NFTs, and then 3D printers from all over the world who cooperate with 3DOS complete the production and send them to customers. I personally think that 3D intermediaries and NFT casting are actually a bit redundant. Individual creators can cast NFTs by themselves and then contact 3D printers to make them. But this is not the point. Regardless of the life of the project, SUI has been committed to developing itself and innovating.

For example, today is Mid-Autumn Festival in Asia, and SUI will hold the Sui Builder House gathering in Singapore: it will bring together the global Sui community to share and collaborate on exciting new projects, progress and milestones.

This brings potential and a certain degree of security to the SUI token. As an investor or short-term investor, SUI is a good choice in the short term.

SUI's mid- to long-term performance forecast
SUI is now in an upward phase in the medium and long term. Its current price is $1.0884, which is already in the middle of the rise. It is expected to reach $1.79 in a few months. If my judgment is correct, it may achieve a 64% increase.
Let's take a look at the analysis chart:

SUI short-term trading
Unfortunately, for short-term trading, I can only talk about the recent trend possibilities in this article.
In the next few days, its price may move between 1.0513 and 1.1744. It may fall first and then rise, target may be around 1.1758.

Please do your own research and fine tune the entry and target.

At last, hope my analysis is helpful for your investing and trading.

Happy Trading, see you next time.

#SUI🔥 #BinanceTurns7 #TradingMadeEasy #Write2Earn! #InvestSmartly

The market is pure psychology. In fact, prices on the chart represent the operational outcome of what traders’ minds perceive from their screens.

If one wins, another loses, and vice versa.

Therefore, logically, one will be right, and the other won’t.

Where am I going with this?

Every trader, even with the same information and charts, will interpret the market differently.

This interpretation depends on many factors: experience, others' comments, news, data, luck...

The goal is to make accurate predictions as often as possible, and when we’re wrong, to minimize losses.

Getting it right isn't easy. You need to remember that even if you do, not every trade will have the same result. Sometimes you'll regret not closing earlier, and other times you’ll wish you'd let the trade run longer.

Trading is very hard to interpret; in fact, not even the most seasoned professionals achieve consistent accuracy.

That's why money management is crucial to avoid depleting your capital. Losses should be minimal, and profits should outweigh those losses to keep the balance positive.

As mentioned earlier, when you're in a winning trade, you won't always manage to close it at the right spot—not you, not any system, not any indicator, nor any premeditated technique.

That’s why I emphasize that the money goes to the discretionary trader—someone who, after securing their losses, has a certain talent or experience to somehow sense, because trading is intuition, when a trade will go in their favor.

Support and resistance levels are there to be surpassed. Ideally, you catch a trend with enough strength to break through all obstacles.

But until that happens, prices move between these so-called support and resistance levels, and it’s our fault as traders that they exist. These are psychological levels that often work quite well.

Of course, the larger the timeframe, the stronger these levels will be.

The same goes for levels that have held in the past.

So, again, encountering one of these levels doesn’t mean the price won’t break through, but rather that it will face some difficulty, and sometimes they’ll need to be tested several times (weakened) before being broken.

If a support or resistance is broken without being tested, the move likely has a lot of strength.

A broken support will often act as resistance later, and a broken resistance will act as support.

But back to my point. Traders are to blame for the creation of these levels, and in many cases, whether they are broken or not coincides with the release of key data or important news. Hence the saying, "Prices generate news."

It’s precisely when prices reach these levels that we must pay attention to those data or news reports to get clues about whether they will be surpassed.

Here’s a psychological example of these support and resistance levels:

(First, one reason they work is because all traders are closely watching them.)

But as mentioned, let’s look at an example of their highly psychological nature.

When the price is nearing a support or resistance level, the trader assumes it will be easily broken.

The speed of the price approaching the level and the surrounding sentiment leads them to believe, with total certainty, that the level will be broken. Therefore, the trader enters the market in favor of that movement, typically at a point very close to the support or resistance.

They think that the sooner they enter, the better, because if the level is broken, they’ll make more money by anticipating the breakout.

However, in most cases, the price reverses at that exact point, quickly putting the trader in a loss, which, if not cut, can become substantial.

That’s where novice traders get the saying, “They’re watching my position.”

So, the trader has two options:

1. Trade against those support or resistance levels, aiming to capture a quick gain on the reversal.
2. Trade in anticipation that the support or resistance levels will be broken, i.e., a breakout.

There will always be trades available for either technique or both, but in my experience, I’ve always found it better to try to latch onto the primary trend and let it do its work, breaking through all the obstacles in its way.

When you manage to get into the primary trend, the money comes quickly.

You must also consider that this type of trading involves:

- Doing very few trades since primary trends aren’t frequent and last a long time.
- Likely having several losing trades before catching a good one.
- Having strong mental fortitude to avoid closing trades during the inevitable pullbacks in the primary trend that can erode profits, sometimes by more than 50%, before the trend resumes. These pullbacks can be more significant or prolonged, the larger the timeframe you trade.
- And having even greater mental strength and detachment from money when, after accumulating substantial unrealized profits, the price reverses and hits your stop loss. (For this reason, it's wise to place stops farther away and, if necessary, sacrifice tokens for distance.)
#TradingMadeEasy