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SUI presents a textbook-level double bottom pattern on the weekly chart — the structure is quite clear and beautiful. More interestingly, when switching to the daily chart, a strong breakout has already formed, and this breakout trend is currently ongoing.
But here is a key point that most people tend to overlook: patience.
The specific trading idea is very simple:
• Wait for a retest of this breakout point
• Once the retest is confirmed, look for buying opportunities
Many people like to chase the rally, but the result is often buying at the high. The real profit-making logic is to let the price retest and confirm support, then get in during the second rise. The SUI pattern gives us a relatively comfortable entry opportunity, and the key is to be patient and wait.
The SUI pattern this time is indeed clear, but the problem is that very few people can resist not acting.
I've heard about textbook double bottoms many times, but in the end, the coin still collapsed.
Waiting for a retest? Bro, that could be in the Year of the Monkey or the Horse; I’ve lost patience long ago.
It looks good, but I don’t know if another black swan will come.
What do you call the double bottom pattern? It’s probably just the prelude to a sell-off.
Waiting for the retest step is indeed easy to overlook, most people only realize it when they rush in
Confirm support on the pullback before entering, this is the correct approach
It reminds me of an old saying, haste makes waste
Patience is really the most valuable trading cost, isn't it?
SUI's recent pattern indeed provided a comfortable opportunity, it all depends on who can wait it out
How do those chasing the rise feel now?
Buying on dips is the way to go, with such clear technical signals, why bother messing around?