$SUI has dropped 41% from the ATH: buy-the-dip LEVELS
2025-02-07
Category: None

CRYPTOCAP:SUI   has dropped 41% from the ATH recorded a month ago. The smell of blood has me triggered, so... time to look for some positions.

Obvious levels for me are just below:

- The Golden Pocket ($2.79 - $2.89):
Self-explanatory. Already had a long position triggered from there during the last flash crash. This time, only looking for a spot top-up—this buy zone is just 8-11% below, too risky to add another long.

- The 200 Moving Average (MA) at $2.59 (green line):
Uptrending, healthy distance below (-17%)—far enough to catch some wicks, solid support. Low leverage long addition + more spot.


Stop Loss:

Daily close below $2, but not expecting that to happen—too strong of an asset. One of the few I want to keep accumulating. If we get altseason, this thing is going to outperform most of the top 20 alts—if not all of them.

Also convinced that the meteoric rise of SUI has suppressed  CRYPTOCAP:ETH  . One of the key reasons being that SUI and  CRYPTOCAP:SOL  are the closest competitors to the OG layer 1.


Indicators & BTC Pairing:

- RSI in a clear downtrend—if a further drop happens, hitting my buy zones, RSI will be oversold.

- SUI/BTC chart: Strong support 17% lower.

- Momentum indicator already broke out of the downtrend—positive sign.

- Bullish divergence flashing—not many alts this strong relative to BTC.


So, to sum up: STRONG support levels, low risk, good sleep.
An underrated asset in itself—constantly in short supply. 👽💙


PS. I publish my stuff regularly on Binance SQUARE, more images are allowed there, and no cap on a number of posts/updates, unlike here. With this post, I have included also the mentioned SUI/BTC chart and Liquidations Heatmap. See you there:)


