I didn't enter the market today to trade contracts. Let's just answer some questions. Feel free to leave a message in the comments.
$SUI SUI does have strength, but please rationally accept that it will drop; no coin only goes up without falling. There are too many people going long right now, and the more it drops, the more people go long, which precisely proves that SUI's strength is there, everyone has confidence in it, but now is not the best time to get in, it can be held for the long term later. Everyone knows I unloaded at 3.83, and now only 1000 coins are left. Calculating, I've lost about 3000U over these few days.
A friend insists not to sell SUI, and I don't quite understand this idea. Isn't it good to unload at high and buy back at low? Why hold onto it stubbornly? Three days ago, someone asked how to operate with SUI, and I replied that SUI might not hold 3.5 (it dropped to a low of 3.1 tonight) and can only barely rise due to the overall market. Because it has already entered a correction period, it has risen enough and needs to pull back. When it reaches a high, pull out and wait to buy back at a lower price after about three waves, it will surge again. But during this period, there is no need to suffer losses. These altcoins have been rising rapidly in the early stages, you have to allow them to rest and pull back; those who didn't get in can take advantage of this pullback because the future gains are likely to be exponential.
I have a bit of a contract mindset and a different view on holding spot. I firmly believe in the importance of adjusting positions; being able to avoid losses on already profitable trades is also a skill, and being flexible can provide greater profit margins. Of course, for those who don't mind short-term losses and only care about long-term returns and are too lazy to operate, you can completely ignore this text.☕️