Good morning everyone, $SUI Cryptocurrency morning analysis. Yesterday I posted a strategy, successfully entered the position (I only posted the strategy and forgot to set a limit order myself, so I didn't get in myself,orz). Let me also explain how I operated last night’s trade, because it was a contrarian trade. Friends who took it can now break even or take a small loss; even if the judgment was wrong, there’s no loss, which is very beneficial for the long-term profit-loss ratio.

Currently, SUI’s one-hour trend is still very strong, retraced to the 0.618 level and then rebounded. The four-hour timeframe has been consistently moving along the 20 EMA, a standard bullish trend. The flaw in this structure now is that the previous high was a breakout, and the momentum has weakened somewhat. The key now is to break through the previous high; if strong selling pressure occurs, a pullback to test the consolidation is inevitable.

The weekend market is not very volatile, so everyone should wait patiently. Also, I wish everyone a happy weekend and have fun.