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Recently, the price movement of SUI has drawn attention. After consolidating around 4.20, it broke through an important resistance level, demonstrating strong pump momentum. Currently, the next key resistance level that the market is following is around 5.4.
From a technical perspective, the Relative Strength Index ( RSI ) is approaching 70, which is typically seen as nearing overbought territory. Although the pump momentum remains strong, a pullback may occur in the short term, providing an opportunity for investors who have not yet entered the market.
For potential trading strategies, it is worth following if the price pulls back to the range of 4.00 to 4.10 and finds support, as this could be an ideal entry point. Investors who have already established positions at this level may consider setting their take-profit targets around 5.30 or 5.40, watching to see if the market can break through this high.
For more cautious investors, it is advisable to wait for the price to break through 5.40 and observe if there are signs of stagnation. If a short-term pullback occurs, this may be a trading opportunity worth trying. However, regardless of the strategy adopted, setting a reasonable stop-loss is crucial.
Overall, the current market sentiment remains optimistic. However, investors should carefully choose the appropriate entry timing and strategy based on their risk tolerance and investment goals. While seizing potential opportunities, it is also essential to always pay attention to risk management to ensure profitability while protecting one's capital during this market trend.