Recently, SUI's performance has been quite interesting. It has declined for four consecutive days, but if you look closely at the candlestick chart, you'll find some clues — the first three bearish candles all show a downward trend, but the lows each day are gradually rising, indicating that buying pressure is quietly bottoming out. Today, the daily chart finally turned green, which is like a sign that the downtrend is easing and some traders are starting to enter the market.
However, in the crypto world, there are always uncertainties. Don't be fooled by signs of a rebound; maintaining proper position sizing and setting stop-losses are essential skills. After all, it's unpredictable when the market will experience another wave of volatility.
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PriceOracleFairy
· 01-11 15:52
ngl the higher lows thing is textbook accumulation pattern but that's also what everyone sees now so... idk if it still counts as alpha lol
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StakeHouseDirector
· 01-11 15:52
I also see that the lows are indeed rising, but how far this rebound can go, no one really knows.
Turning red doesn't mean much; we'll have to wait a few more days to see.
Raising the lows is interesting, but I'll wait a bit longer before entering.
Rebounds are always like this—rising for a couple of days and then crashing down. I've seen it too many times.
Bottoming out? Let's see if it can stabilize first before saying anything.
I've been caught in this kind of candlestick pattern before, so being cautious is definitely the right move.
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ChainSauceMaster
· 01-11 15:45
The signal of raising the lows does have some merit, but I still don't dare to go all-in.
Recently, SUI's performance has been quite interesting. It has declined for four consecutive days, but if you look closely at the candlestick chart, you'll find some clues — the first three bearish candles all show a downward trend, but the lows each day are gradually rising, indicating that buying pressure is quietly bottoming out. Today, the daily chart finally turned green, which is like a sign that the downtrend is easing and some traders are starting to enter the market.
However, in the crypto world, there are always uncertainties. Don't be fooled by signs of a rebound; maintaining proper position sizing and setting stop-losses are essential skills. After all, it's unpredictable when the market will experience another wave of volatility.