🔥 Gate Square Event: #PostToWinNIGHT 🔥
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📅 Event Duration: Dec 10 08:00 - Dec 21 16:00 UTC
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Gat
SUI has made a big news recently, have you not paid attention to it yet? That's really a good look.
Let's talk about the news first - on December 5, the ETF circle exploded. 21Shares has directly launched the world's first ETF product with 2x long SUI on Nasdaq, with the code TXXS. What do you mean? In the past, if you wanted to engage in SUI, you had to go to the exchange to buy coins yourself, and the price jumped up and down, and your heart couldn't stand it. Now, just buy this ETF, the income will be tripled, and you don't have to worry about the broken things of the wallet mnemonic phrase.
If institutional funds enter the market through this road, the liquidity is directly not an order of magnitude.
Let's look at the technical level. There are several positions on the 4-hour candlestick chart to keep an eye on:
The point of 1.6000 has not been broken through repeated tests recently, what does it mean? The main force is hoarding here, and the selling pressure is basically digested. The lower 1.3000 is a strong support, and there is still 20% buffer space from the current price, and you want to break below in the short term? Not very realistic.
Looking up, 1.9300 is the first rebound pressure, and further up 2.2000 is a hard top. Breaking through these two positions, the trend is completely open.
The MACD indicator did show a death cross above the 0 axis, which at first glance looks like a pullback. But you have to pay attention - the death cross above the 0 axis is often a false signal, which is used by the main wash. The RSI has just fallen back from the overbought area, and this adjustment is a good thing, indicating that it is not a brainless rise, but a relatively solid rise.
With the double blessing of news + technology, SUI's window of opportunity may not open for too long. As for how to operate, weigh it yourself.