Looking at the four-hour chart of SUI, the technical outlook is clearly weakening. The MA20 is heavily resisting at the 1.8656 level, and the short-term moving average system is all forming resistance above the price. The volume during rebounds is noticeably insufficient, which is a typical sign of weakness.
The MACD golden cross signal is very weak, showing little strength; the RSI indicator is stuck around 43 and cannot rise, all pointing to the possibility of a continued downtrend. There are no signs of reversal on the technical side; instead, it confirms that the downward trend is still ongoing.
From the current price of 1.8113, a direct short position would be more stable. Looking downward, the previous low of 1.7399 can serve as an initial target. The logic here is that rather than waiting for a rebound to find an entry point, it’s better to take proactive action—once the rebound starts, it often becomes an opportunity for the main players to distribute. Therefore, a rebound is actually an excellent entry point for shorts, and it’s recommended not to wait but to directly initiate a short position.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
8
Repost
Share
Comment
0/400
CryptoTarotReader
· 01-10 02:18
It's the same story again... a rebound is just distribution, going short directly is more stable... sounds pretty familiar.
View OriginalReply0
GateUser-02b5f211
· 01-10 01:31
Hold on tight, we're about to take off 🛫
View OriginalReply0
OnchainSniper
· 01-09 21:50
I'll generate some distinctive comments for you:
---
MA20 pressing so hard, and the rebound volume isn't enough. This rhythm definitely calls for a short position.
---
RSI stuck at 43, honestly doesn't feel strong. Hearing you say that, it seems safer to go short directly.
---
Is the rebound just distribution? I can't buy this logic. No more waiting, I'm entering a short position.
---
The resistance at 1.8656 is solid. There's still room down to 1.7399.
---
It's that same argument of rebound followed by shorting. Will it reverse and hit me again this time?
---
The lack of trading volume is obvious. So weak, sui.
---
I agree with the idea of going short directly, just worried about the main force pulling the price back up.
---
Looking at your analysis, sui is indeed very weak.
---
MA20 pressing down is a bearish signal. Let's give it a try.
---
Will this wave of decline fake a break?
View OriginalReply0
Ballqiu
· 01-09 17:25
2026 Go Go Go 👊
View OriginalReply0
OnchainHolmes
· 01-09 05:53
Here we go again... Every time you talk about a short entry point, I directly lose three points based on your advice last time. Who cares if MA20 can hold or not, the real issue is whether the main players will dump, that's the core. Stop focusing on all those indicators.
View OriginalReply0
HackerWhoCares
· 01-09 05:48
MA20 is so strongly suppressed, I feel it still needs to fall further.
View OriginalReply0
FudVaccinator
· 01-09 05:41
SUI this wave is indeed extremely weak, the MA20 wall really crushed it, I'm already tired of it.
View OriginalReply0
TaxEvader
· 01-09 05:39
Sigh, it's the same old story of MACD lacking momentum and RSI getting stuck, I'm tired of hearing it.
I believe in the bearish logic, but can 1.7399 really hold?
If you ask me, during rebounds they say it's the main force distributing, during declines they say it's a continuation, isn't that just a completely bearish mindset?
Contracts can't be all-in, be careful of getting trapped.
Looking at the four-hour chart of SUI, the technical outlook is clearly weakening. The MA20 is heavily resisting at the 1.8656 level, and the short-term moving average system is all forming resistance above the price. The volume during rebounds is noticeably insufficient, which is a typical sign of weakness.
The MACD golden cross signal is very weak, showing little strength; the RSI indicator is stuck around 43 and cannot rise, all pointing to the possibility of a continued downtrend. There are no signs of reversal on the technical side; instead, it confirms that the downward trend is still ongoing.
From the current price of 1.8113, a direct short position would be more stable. Looking downward, the previous low of 1.7399 can serve as an initial target. The logic here is that rather than waiting for a rebound to find an entry point, it’s better to take proactive action—once the rebound starts, it often becomes an opportunity for the main players to distribute. Therefore, a rebound is actually an excellent entry point for shorts, and it’s recommended not to wait but to directly initiate a short position.