$SUI follow-up on my SAT/SUN post, bought SOME dips :)
2025-02-04
Category: None

is a perfect example of how I go about trading. If you read my Saturday/Sunday night post, you will understand.

I had been very bearish short-term, based on all three charts that I posted. All had bearish breakdowns from their respective patterns.

That did not stop me from placing limit orders much lower, hoping to see a crash. All got filled. Now very much in profit—spot top-up at $3.3, and longs triggered from the Golden Pocket ($2.79 - $2.89).

Absolutely printing right now. 🤑

Positioning in advance tends to reap the best rewards. Positioning in fundamentally strong assets is also the most secure approach. Smart Money will buy the dip on these, especially in this bull market.

As for  CRYPTOCAP:SUI  today—what a rebound, what a candle. Where am I taking profits off that long? Pretty simple.

Since all the liquidity down to $2.4 has been swept, there’s no incentive to go to the downside soon.

Upside is much more likely—towards the next obvious pools of liquidity, which I placed on my Daily chart (yellow boxes). The price action is likely to reverse after sweeping these, at least temporarily. So:

TP1: $4.25 - $4.35

TP2: $5.30 - $5.40

TP3: That’s a moonbag situation. If SUI can pull off another ATH, then I will basically monitor the Price Action for signs of reversal. 💙🤑


I post mainly on Binance Square, whee I can publish more than 10 posts a day with more images, check out my work there:

 app.binance.com 
