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SUIUSDT trade ideas

SUI/USDT | 1W 👀I think the upward movement will continue regardless of Bitcoin corrections, as volumes from buyers start coming into the coin. The Sui Network is a very promising and rapidly growing project with a large and constantly increasing number of part-time developers who work on outsourcing. - Not financial advice, trade with caution. ✅ Stay updated on market news and developments that may influence the price of Sui. Positive or negative news can significantly impact the cryptocurrency's value. ✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility. ✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking. #Crypto #Sui #Investment #SUI
by Nyskohuz
2
SUI LONG H4Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences.
Long
by kmiarka
3
Sui Price Surge Alert! 📈 - Your Path to Wealth Starts HereSui Coin: Short Fundamentals, Recent News, and Disclaimer Fundamentals: Sui Network (SUI): A Layer 1 blockchain under development, aiming for high transaction throughput and scalability. Founders: Mysten Labs, founded by former Meta (ex-Facebook) engineers. Focus: Decentralized applications (dApps) and Web3 development. Stage: Sui is currently in a testnet phase. No official launch date announced yet. Tokenomics: Details about the token's utility and distribution are still under development. Recent News: Feb 22, 2024: Mysten Labs announces a $300 million funding round for Sui Network. Feb 14, 2024: Sui releases update on their testnet incentive program. Jan 30, 2024: Sui unveils roadmap for upcoming testnet stages. Disclaimer: Early stage: Since Sui is in a testnet phase, it's a highly speculative investment. Limited functionality: The coin's utility and value proposition are not yet fully established. Not tradable yet: SUI tokens are not currently available for trading on cryptocurrency exchanges. Additional Notes: The recent funding round indicates strong investor interest in Sui's potential. The development team has a strong technical background. However, the cryptocurrency market is inherently volatile, and there's no guarantee of success for any new project. Recommendations: Stay informed about Sui's development progress by following their official channels. Consider waiting for the mainnet launch and more details about tokenomics before investing. If you do choose to invest, allocate a small portion of your portfolio due to the high-risk nature. Disclaimer: This information is for educational purposes only and should not be considered financial advice. Cryptocurrency investments are highly volatile and carry significant risks. Do your own research before making any investment decisions.
Long
by MoonTradingForecast
Anticipating Explosive Growth for SUIUSDT🔅SUIUSDT has showcased significant respect for the $0.51 demand zone, highlighting a crucial support level within the price action. Concurrently, a notable surge in volatility suggests an imminent explosive move in the near future. Analyzing the current price dynamics, particularly the bounce observed from the demand area coupled with the formation of higher highs (HHs) and higher lows (HLs) pattern, strengthens our expectation for a substantial growth surge. 🔅Our upside target aligns with the 78.6% Fibonacci retracement level, correlating with a previously established supply area. Achieving this target could result in a robust 50% gain. We've already shared our comprehensive trade setup in our channel, positioning ourselves to capitalize on this potential opportunity.
Long
by CryptoPAMM
1
Crypto Heat Check: Anticipating a Cooling Off in the MarketThe crypto market's temperature seems to be rising, indicating a potential need for a healthy relief bounce. While the altseason may not have concluded, it's prudent to brace ourselves for a corrective move downward. Taking a closer look at the SUIUSDT example, we can witness the market's respect for the supply area. Particularly noteworthy is today's occurrence—a clean bounce off the 61.8% Fibonacci resistance level, signaling a palpable downward pressure. This could potentially translate into a 15-20% price drop. Don't get overexcited and be ready for any scenarios!
Short
by CryptoPAMM
4
SUIUSDT Swift Recovery and Downtrend BreakUpon observing SUIUSDT's medium-term price action, a discernible supply/demand zone materializes in the vicinity of $1.44. While there was an initial attempt to breach this zone, the descent halted in proximity to the 88.6% Fibonacci support. Subsequently, SUI swiftly rebounded, reclaiming its position above the demand area. The most recent price movements underscore a significant development—the breakthrough above the downtrend trendline. This could potentially signify a persistent bullish pressure. Our expectation is for SUIUSDT to sustain its upward move, aiming for the nearest key resistance, characterized by a double Fibonacci level. It's essential to note that only a decisive break below the demand area would cast doubt on this bullish scenario, prompting a reevaluation of the prevailing market dynamics.
Long
by CryptoPAMM