Take yesterday’s $MANTA and engrave today’s $SUI
The shapes are similar, so the technical entry points for short orders are the same. Figure 2 is an illustration of manta yesterday. Today it has reached manta’s target point of 2.9. If you are not sure, you can check out my tweet yesterday.
The difference is the logic behind it. One is the return of the valuation of Binance launchpad, and the other is the large unlocking faced after continuous increase.
Sui unlocks 66 million pieces (approximately US$92.17 million) at the beginning of each month. Sui’s current total market value in circulation is US$1.6 billion, which is theoretically quite a lot.
I plan to increase my position after rebounding from the neckline, and take profit below the target of around 1.3.
The stop loss is placed near the opening price of 1.52. If the position is added, the stop loss will be raised appropriately. It depends on whether it can bounce up before making a decision.
For transaction records only.
