Brothers who entered the market at $SUI 0.88, have you sold all the stocks in your hands? Have you made a lot of money?
For swing trading, we mainly focus on running after making money. Anyway, I have already run all of them. Now continue to analyze and prepare for the second wave of rollover:
SUI has performed very strongly in recent times, with an increase of 116.8% in the third quarter of 2024, and a price surge of 135% in September. As of early October, the price of SUI fluctuated around $1.69, and the trading range within 24 hours was $1.60-$2.00. The total locked volume (TVL) also exceeded $1 billion, showing the strong growth of the project in the DeFi field.
Spot operation strategy
Buy on dips: The recent strong performance of $SUI shows that it still has the potential to rise, especially when the price falls back to the $1.60-$1.70 range, you can consider buying in batches. This price range provides strong support and is a relatively safe entry point. Since the market is affected by the international situation, conservatives can ambush at $1.40.
Stop loss setting: It is recommended to set a stop loss near $1.50 to prevent the price from falling further in market fluctuations. Although $SUI has good development prospects, market uncertainty still exists, and reasonable stop loss can reduce investment risks.
Long-term holding: If a position has been established above $1.70, it is recommended to continue holding. SUI's rapid growth in the DeFi ecosystem and the continued influx of developers and users indicate that it still has a large room for growth in the future.
The above analysis only represents Buffiniu Crypto's personal opinion and does not constitute any advice. If you have different analyses, you can leave a message in the comment area for discussion or directly drop me to battle.
