When’s the Best Time to Buy SUI?
If you’re looking to get into $SUI timing your buy is key, especially with crypto’s volatility. $SUI is currently trading around $1.9886, after dropping from a recent high of $2.1680. So, should you buy now or wait?
Key Levels to Watch
1. Support Levels—Is It a Good Buy Now?
• $1.9758: This is the 7-day moving average (MA), which could act as short-term support. If the price holds above this level and shows strength, it could be a decent entry point.
• $1.9022: This is a recent low. If the price dips closer to this level and bounces back, it might offer a safer buying opportunity.
2. Waiting for a Breakout
• $2.0281: This is the 25-day moving average and currently acting as resistance. If the price breaks above this with strong volume, it could signal bullish momentum. In that case, a buy at around $2.05 could be a safer bet.
3. Buying the Dip
• $1.8647: This is the 99-day moving average. If the price continues to fall and approaches this level, it might provide a stronger support zone, giving you a more conservative buy opportunity.
Strategy Options
• Aggressive Strategy: If you’re comfortable with short-term volatility, buying near $1.9758 could work. Just be cautious and set a stop-loss below $1.90 in case the price drops further.
• Conservative Strategy: If you’d rather wait for clearer signals, consider buying after a breakout above $2.0281 or wait for the price to dip closer to $1.90-$1.86. Both strategies give you a bit more confirmation of where the market is headed.
Conclusion
The best time to buy depends on your risk tolerance. If you’re okay with some risk, you could buy now near $1.9758 and see if the price rebounds. If you prefer more certainty, wait for a break above $2.0281 or for the price to drop to $1.86-$1.90. Either way, manage your risk with stop-losses to protect your investment.
