Ah? Does the $SUI that many people dislike also have to follow and reach a new high?
In mid-October, rumors of internal sell-offs of $SUI emerged in the market, with related wallets cumulatively selling approximately $400 million worth of tokens. This large-scale sell-off has brought some selling pressure to the market, leading to a short-term decline. Additionally, a large number of SUI tokens will be unlocked at the end of October, which may continue to exert pressure on the price.
Bitcoin continues to challenge historical highs, and unexpectedly, SUI is closely following. Is it because the ecological expansion and potential competitiveness of SUI remain the focus of everyone's attention?
At present, chasing contracts higher can easily lead to peak positions, so it's better to wait for a pullback to around £1.70 and stabilize before going long, with a short-term target set at around £2.05. Use low leverage with a stop loss at £1.60.
If it fails to break through the historical high of £2.368 and shows signs of a pullback, consider scalp trading short positions with a long-term target of £1.70 and a stop loss at £2.45.
Buffalo Crypto $SUI public points are for reference only. For other coin points, inquiries and analysis suggestions should delve deeper into Buffalo Crypto, using information and data to anticipate the market and make decisions ahead of others. Buffalo Crypto will guide you through the crypto space, overcoming obstacles and riding the waves! Be friends with time!