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I am considering a Short position, I am not entering from the current ones, but negative news is slowly starting to pour in
The price of Sui (SUI) has been on a roller coaster ride lately, and many traders are wondering whether to buy or sell the token now.
A recent analysis by a popular crypto trading channel suggests that the technical indicators are pointing to a possible Short trade, but the trade is in the middle of the global ascending trading channel, which makes further movement unclear.
The channel is also supported by the news that the SUI community is accusing the Sui team of insider trading, which has already resulted in the sale of $400 million worth of tokens. The Sui Foundation denies everything and suggests that the seller may be one of the infrastructure partners who receives tokens according to the unlock schedule.
If you are considering a Short position, it is important to remember that all trades come with a level of risk. It is always advisable to conduct your own research and analysis before making any trades.
Good luck!
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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