$SUI on the Rise: Multi-Month Trend Active, Targeting $20!
2024-10-15

Not counting on a full retracement for this move. It might just continue to rise, similar to how  CRYPTOCAP:SOL  did when it broke above the $30 mark. However, if by any chance it does retrace, one should consider buying anything below the $1.60 level.

I still believe it will go higher and enter a multi-month run closer to the $10 area.

The strength and reaction it just had are similar to  CRYPTOCAP:PEPE 's before the massive run in February. Sure, there are different narratives and a significant difference in the timeframe, but it's worth keeping in mind for reference.

If we don’t go any lower—which is the most favorable case—I think the weekly block forming as a bearish candle should be used as an entry level and added to once it breaks above.

So, two scenarios: buying the low or reclaiming the candle’s low if it turns out to be a bearish candle on the weekly timeframe.

Miraculously wait for a retrace into the $1.60 area and buy.

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Bi-monthly Mode Active  CRYPTOCAP:SUI