#SUI / USDT long trade setupNYSE:SUI was dumped by its VCs after a 20% token unlock on May 9th. This created prolonged selling pressure.
However, this project is a major new L1 blockchain, and this dump has actually created a good buying opportunity.
NYSE:SUI is poised to recover. There is still some selling pressure, as seen in the price action, so do not expect it to go to the moon like $PEPE. That is why I set my targets relatively low. I will update if the plan is successful.
My price target for the bull run for NYSE:SUI is between $8 and $10, so NYSE:SUI at $1.05 is really cheap in my opinion.
This is not financial advice. Do your own research (DYOR).