Technical analysis by Jobs_lin about Symbol SUI: Sell recommendation (10/5/2024)

As can be seen from the 4H chart, SUI has divergedAt the same time, it also reached the previous high point.And the retracement fell below the previous low of 1.65So I think this is the end of this rally.Next, the short side should be the main oneIf it falls below the low of 1.59 of this retracementThen TP1 is placed at 1.48If it does not fall belowAnd a new consolidation is formed in this areaYou should go out first and observe what happens next.Wait for a new trend to form before continuing to operate#The cryptocurrency market has high risks, please carefully evaluate operational risksThis analysis is a personal comment and does not constitute any investment advice, so please refer to it with caution.