SUI has been dropping from 2.02 all the way down to 1.51, which indeed looks painful. But recently, I noticed something on the 4-hour chart—the TD9 bottom structure has appeared. Usually, this signal indicates that the downward momentum has exhausted, and a rebound could start at any time.
But here's the problem. Looking at the market data, retail investors are frantically bottom-fishing, which makes it awkward—the chips and technicals are at odds. The technical chart looks bullish, but the flow of major funds seems to be out of sync.
I'm not planning to be a stubborn long-only trader. I won't chase the price at 1.57 now; that's too risky. Instead of betting on a rebound that might not happen, it's better to wait. My plan is to place an order around 1.54, betting on the "second retest" by the main force—that's a classic shakeout pattern. I'll set my stop-loss below 1.49, which is widely recognized as the solid bottom.
If the rebound doesn't come and it just shoots straight up? Then let it go; I won't risk money on uncertain chances. Better to miss a wave than to get slapped in the face by a reversal.
By the way, there are probably quite a few people caught at the 2.0 level. Those brothers are definitely experiencing a psychological battle right now. Whether they can break even this time depends mainly on how the main force plays it.
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WinterWarmthCat
· 13h ago
Retail investors buy the dip while the main players don't follow, making this situation really hard to sustain. Wait for the secondary shakeout at 1.54, rather than getting cut, it's better to watch more and act less.
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MEVHunterLucky
· 13h ago
The main force's move this time is a bit dirty, retail investors are happily bottom-fishing, while the big players are dumping in the opposite direction. Isn't this a typical shakeout? I'm also watching the 1.54 price level, but I don't dare to buy in, afraid of getting trapped even deeper.
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FreeRider
· 13h ago
Retail investors bottoming out vs. main force funds going against each other, this market really has some interest. Judging by your move, you should wait for a second dip before acting, smart.
If the main force really wants to push up, they will definitely test the 1.54 level again. But on the other hand, how shattered must the mentality of friends who are trapped at 2.0 be right now?
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SpeakWithHatOn
· 13h ago
Main funds are not cooperating, and that's the most heartbreaking part. TD9 looks promising, but it's even more attractive when retail investors rush in en masse. Wait for 1.54 to see, either a shakeout or a straight rise, anyway I don't gamble on psychological warfare.
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tx_pending_forever
· 13h ago
Retail investors buy the dip while the main players stay still. I've seen this situation many times. A good technical setup makes it easy to get trapped.
SUI has been dropping from 2.02 all the way down to 1.51, which indeed looks painful. But recently, I noticed something on the 4-hour chart—the TD9 bottom structure has appeared. Usually, this signal indicates that the downward momentum has exhausted, and a rebound could start at any time.
But here's the problem. Looking at the market data, retail investors are frantically bottom-fishing, which makes it awkward—the chips and technicals are at odds. The technical chart looks bullish, but the flow of major funds seems to be out of sync.
I'm not planning to be a stubborn long-only trader. I won't chase the price at 1.57 now; that's too risky. Instead of betting on a rebound that might not happen, it's better to wait. My plan is to place an order around 1.54, betting on the "second retest" by the main force—that's a classic shakeout pattern. I'll set my stop-loss below 1.49, which is widely recognized as the solid bottom.
If the rebound doesn't come and it just shoots straight up? Then let it go; I won't risk money on uncertain chances. Better to miss a wave than to get slapped in the face by a reversal.
By the way, there are probably quite a few people caught at the 2.0 level. Those brothers are definitely experiencing a psychological battle right now. Whether they can break even this time depends mainly on how the main force plays it.