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The 4-hour Candlestick Chart of the SUI Token shows a striking pattern, starting to exhibit strong Rebound momentum from around $3.61. Does this price level signal the beginning of a genuine Rebound? Although the signs are quite evident, it cannot be fully confirmed yet that the market has stabilized.
The trend of the current 4-hour Candlestick is crucial, as it will determine whether SUI continues to consolidate around $3.6 to build a base, or if it is likely to rise towards the $3.8 position. Although considering establishing a long position is possible, this wave of the market still carries a certain level of uncertainty, unlike the previous trends that were clear and distinct.
For patient investors, it is advisable to wait for SUI to complete its bottoming process in the range of $3.5 to $3.6 before entering the market. This strategy is relatively conservative; if the price breaks below the support level, one can exit in a timely manner. However, if it successfully stabilizes, it is likely to usher in a long-term upward trend.
Of course, there is also the possibility that SUI may rise strongly without a correction. For investors who do not want to miss potential opportunities, they can enter the market with a small position at the current location, but they should pay attention to risk management.
Market observation shows that buy orders can be considered at the positions of $3.6333 and $3.5888. This is for reference only; investment decisions should also take into account personal risk preferences and market judgments. Regardless, maintaining rationality and discipline is crucial for seizing market opportunities at this critical moment.
Are you calling it a rebound when you haven't even finished the base?