2026-01-09 17:21:32

SUI's recent rally looks fierce, but a closer look at the technicals shows all signs of a trap. On the four-hour chart, it surged to 1.8566 but lost momentum, now pulling back to 1.8446. The RSI has long entered the overbought zone at 70.1482, which is a clear high-level signal. The MA60 resistance at 1.8277 is firmly holding it down, and the MACD red histogram is also diminishing, indicating a clear intention of the main players to distribute.

In the short term, you can consider shorting at the 1.8446 level, with a stop-loss placed safely above the previous high at 1.8566. The initial target below is 1.8000, and further down is 1.7700. If you are a trend trader, you can patiently hold this short position. Short-term traders should remember to take profits in stages at support levels and not be too greedy—under such overbought conditions, the main players might reverse and push the price down at any time, so stay alert.

SUI-1,04%

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SellLowExpert

· 01-12 09:21

Well, the bullish signals are so obvious, it should have been bearish long ago. The main force's tactics are too old-fashioned. The bears are lurking at 1.8446. I took this position. MA60 resistance is too strong, there's really no room for upward movement. Getting crushed again? Old tricks, why is it always like this? Defend first, then profit. Don't be greedy for this small profit. See you at 1.8000. Gradually exiting is the right move. RSI is already overbought, and some are still chasing? LOL. This time, the bears should be able to hold steady for a while. The main force is too impatient.

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NullWhisperer

· 01-09 17:51

ngl the rsi screaming overbought like this always ends messy. technically speaking, this setup's got all the hallmarks of a rug pull waiting to happen.

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GhostWalletSleuth

· 01-09 17:50

Full of bull-trap signals, I'm not daring to chase highs this time, too easy to get trapped.

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Degen4Breakfast

· 01-09 17:39

Hmm... RSI has already soared to 70. This wave feels a bit uncertain. I truly believe the main force is trying to shake me out, but can 1.8000 hold? It's both a trap to lure buyers and a dump, this rhythm has got me a bit confused. By the way, the mentality of SUI coin players is indeed easy to bait; the bears are setting up to prevent a quick rebound.

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LiquidityWitch

· 01-09 17:36

the RSI brew is boiling over at 70... smells like a liquidation sacrifice incoming, ngl. that MA60 barrier is basically a forbidden sigil keeping price imprisoned. shorting this feels too obvious tho, which is exactly when the alchemists flip the script on us 👀

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ChainProspector

· 01-09 17:34

Tired of the usual trap of诱多, is anyone still chasing when RSI is overbought? --- MA60 is holding down, this wave of shorting is indeed attractive, just waiting to see when the main force will dump the market. --- It's another overbought signal, always seems to be right, but I still end up losing money haha. --- I find the 1.8000 level quite unlikely; the main force isn't that cooperative. --- The idea of taking profits in batches is only good to hear; when it really hits support levels, you can't hold on anymore. --- Getting slapped in the face will hurt, SUI has been very strange lately, so I'm hesitant to take this short. --- Red bars diminishing? I need to see it with my own eyes to believe it; there are too many pitfalls in the contract. --- Stop loss above 1.8566; this distance is a bit tight, might get liquidated directly.

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