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I heard that SUI is going to unlock 43.69 million tokens, with a market cap of approximately $63.4 million, scheduled for January 1st. Once I heard this news, I started to think about it.
Honestly, such a large unlock directly hitting the market will definitely increase selling pressure. Currently, SUI's price is at $1.44, but the overall market is still volatile, with an RSI of only 47.2. Neither bulls nor bears have gained the upper hand.
From a technical perspective, there are a few key numbers to remember: support at $1.3824, resistance at $1.4976, and the critical level at $1.476. Whether it can hold above this level essentially determines the next move. If it can stay above $1.476, there’s still hope for further gains; conversely, if it falls below $1.3824, the risk becomes significant.
My current plan is to keep the position at around 50% and observe how the market reacts. If the price can stabilize above $1.476, I plan to increase the position to 80%. But if it breaks below the support at $1.3824, I won’t hesitate to cut losses and exit. Unlock events are inherently unpredictable, so there's no need to force it.
The market is so complex—what does everyone think about this wave?