Recently monitoring SUI's trend, TVL has increased by 7%, and trading volume reached $276M. These indicators combined are quite interesting. The current price is at $1.410000, with an RSI reading of 51.1, showing a clear bullish momentum.
From a technical perspective, the key level is in the $1.44–$1.46 range. Once it stabilizes above this, the upward potential will open up. Support is at $1.353600, resistance is at $1.466400, and the breakout point in between is at $1.445200.
My current plan is as follows: first, allocate 20% of the position around $1.410000, essentially taking a small initial position. If the price successfully breaks above $1.445200, then add to the position up to 50%, allowing participation in the rally without excessive leverage. The stop-loss is set at $1.353600; if the price falls below this, exit immediately to control risk.
The target is set at $1.466400. When reaching this level, reduce the position by 50%, and hold the remaining half to see if it can continue higher. This approach locks in profits while leaving room for further gains.
Of course, this is just my personal plan; the market always has uncertainties. What do you all think about this strategy? Do you have any other opinions?
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GetRichLeek
· 57m ago
Ha, it's the same old routine of timing the layout. Last time I did this, I ended up buying at the top.
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0xSunnyDay
· 17h ago
Hmm, the rhythm seems okay, but it feels a bit shaky at the 1.44 level...
Let's keep an eye on it first. Whether the $276M trading volume can hold up in the next few days is the key.
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DYORMaster
· 17h ago
It sounds logically clear, but I think the RSI at 51 is not hot enough yet; rebounds tend to be more fierce...
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ProveMyZK
· 17h ago
1. The 1.41 level is a bit trivial, feels like we need to wait a bit longer.
2. Setting the stop loss at 1.353 is too tight, easy to be shaken out.
3. I think the TVL increase isn't enough to support this upward move; we need to see the subsequent funding situation.
4. Increasing the position to 50% is still a bit aggressive; Sui's volatility is so high.
5. The pace is steady, but it feels a bit lacking in imagination. Is this small space worth it?
6. What's the probability of breaking through 1.445? Feels like there's some pressure.
7. The logic for reducing positions makes sense, but the target level might be set too low.
8. Starting with 20% to test the waters is a good move; risk is controllable.
9. Sui's recent spotlight has been taken by Aptos; can this upward trend continue?
10. The support level is well chosen, just worried about black swan events.
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LootboxPhobia
· 17h ago
Hmm, the stop-loss setting is quite cautious, but the 1.35 level feels a bit tight.
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ChainWallflower
· 17h ago
Isn't this stop-loss position a bit risky? Could it be broken through at 1.353?
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GasFeeCrier
· 18h ago
A bit conservative. I think starting directly at 20% is a bit slow, but this risk control approach is indeed stable.
Recently monitoring SUI's trend, TVL has increased by 7%, and trading volume reached $276M. These indicators combined are quite interesting. The current price is at $1.410000, with an RSI reading of 51.1, showing a clear bullish momentum.
From a technical perspective, the key level is in the $1.44–$1.46 range. Once it stabilizes above this, the upward potential will open up. Support is at $1.353600, resistance is at $1.466400, and the breakout point in between is at $1.445200.
My current plan is as follows: first, allocate 20% of the position around $1.410000, essentially taking a small initial position. If the price successfully breaks above $1.445200, then add to the position up to 50%, allowing participation in the rally without excessive leverage. The stop-loss is set at $1.353600; if the price falls below this, exit immediately to control risk.
The target is set at $1.466400. When reaching this level, reduce the position by 50%, and hold the remaining half to see if it can continue higher. This approach locks in profits while leaving room for further gains.
Of course, this is just my personal plan; the market always has uncertainties. What do you all think about this strategy? Do you have any other opinions?