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SUI's recent rebound has been quite significant, but the problems are also very clear—just yesterday, there was a plan to take profits in stages at the $2 level, and now it has turned around and fallen back. Did someone jump the gun? It's hard to say.
It seems everyone has regained hope and thinks the bull market is back. Yesterday, some even called for a surge to $3, but now they are all silent. Many probably still hold their positions, but this level is indeed a bit uncomfortable.
The core issue is actually just one—obvious lack of spot trading volume. In such a situation, the rebound itself is very fragile. I warned a couple of days ago that perhaps because the market was too crazy, everyone didn't take it seriously.
Looking ahead, the best scenario is a pullback to retest support and then slowly accumulate. As long as participation picks up, there’s still a chance to push higher again. But if, during the pullback, there aren't enough bottom-fishing orders to absorb the sell-off, it could be dangerous—the market could drop rapidly in a waterfall decline. Right now, we are at this crossroads.
Yesterday it was a dreamer at 3 bucks, now everyone’s silent haha
Rebound with insufficient volume, sooner or later the debt will be paid
Either slowly accumulate or go straight into a waterfall, depends on which
I think, this is just a trap, next we’ll see who takes the bait
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It should have been fully withdrawn at 2 dollars yesterday. Greed leads to a bad ending.
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It's the same story again. If the volume doesn't keep up, it's just a paper tiger. Wait for the waterfall.
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At the crossroads, I bet on the waterfall. If participation can't pick up, it's death.
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Trading volume is the real truth. A rebound without volume is just an illusion.
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Shouting from 2 to 3 dollars all at once, now there's no sound. Human nature.
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Such obvious warning signs, and some still holding inside. Their courage is really big.
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I never touch rebounds with sluggish volume; history will repeat itself.
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The worst is this position—can't go up, and going down is quick. So uncomfortable.
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This is a typical emotional rebound. Without additional funds coming in, the dream of 3 dollars can only be just that—a dream.
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Can't hold the spot position, a waterfall is imminent. Be very cautious at this level.
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A few days ago, I mentioned this. Only now are you realizing it? It's about time to pay your tuition fees.
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I have to say, with such concentrated chips, still pushing downward—it's an unmistakable signal that institutions are clearing out their positions.
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If no additional participation comes in this wave, choosing the wrong path at the fork in the road will leave you regretting it too late.
The profit-taking from yesterday's move has been made, and now I regret it. It's a typical market pattern.
Just wait for the waterfall; if no one steps in, it will drop quickly.
Those shouting $3 are long gone; now they're just pretending to be dead.
Yesterday, everyone was still hyping it to 3 dollars, and now no one is saying a word? Laughable.
A fork in the road is just a fork in the road, anyway I already ran away long ago.
With such low trading volume, a rebound no matter how big is pointless.
Wait until the bottoming phase truly appears before considering, right now entering is just giving it away.
Isn't it more attractive to watch others pick up the bag?
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The point about insufficient trading volume is correct; when it rebounds, it’s as fragile as paper.
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Where are those people aiming for $3? They’re all hiding now, haha.
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It feels like a waterfall is coming. This position is really uncomfortable.
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The trading volume can't keep up; going higher would just be a trap.