Long SUI/USDT D1 (x3-x5 potential)
2023-11-04

Long SUI/USDT. TF D1. Right ticker + right timing. 
 x3-x5 probably. 

Entry - current price level
Target - $2 (x4)
Stop - below PoC level (0.43) with confirmation on D1. 

Will start with FA and benchmark analysis of other L1-project (Aptos) which is quite similar:

1/ Decent L1-project with strong backing and recently listed on top-tier CEXs. So, not a lot of locked-in traders/hodlers. 
2/ Around 250ml of investments from top-tier VCs (both SUI and APTOS).
3/ APT/USDT made around x5 in January, 2023 right after 4-month post-ICO bleeding period. (According to PA, it was rather possible to take x4 on APT/USDT within 1 month):
  
4/ SUI is currently at the end of this bleeding.

TA:
1/ Buying volume appeared (green encircled zone) + rising PA.
2/ MA squeeze (EMA 21 and EMA 55)
3/ trending RSI
4/ Price is consolidating above PoC and EMA21 and preparing to make a strong move upwards.

