SUI is going to $0.60, here's how to trade it 👇
In November $SUI broke through its bull market support at $1.90
By mid January it had completed a bearish retest of this level, flipping it to resistance.
It then proceeded to dump straight through its last major support at $1.30 and $1.05
While $SUI is holding onto a minor support level around $0.90, the downtrend is still in full force. And now Sui is trading consolidating preparing for that next move.
Even if Sui does see a bounce, it would likely stall out at $1.10 or $1.30 before forming a lower high.
There's nothing on this chart that's saying the bear trend is over just yet.
This leaves a big target down to the Summer 2024 lows at $0.60, which is highly likely to hit in the coming 1-2 months.
If you want to trade this, I'll give you 2 options
1. Daily Sweep Shorts: Wait for price to trade back up towards $1.06 and look for a sweep of the recent high
Once it sweeps, short it down back towards ~$0.94, then run the rest of the position for lower.
A close back above the highs would be your invalidation
2. Weekly Retest Shorts: The second option is to look for a major bounce here from $0.95 to around $1.3. Then short the rejection of resistance on the weekly.
You target down towards $0.90 and $0.60. It's invalidated if $1.3 breaks, flipping it into support.
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BURRY’S FINAL WARNING: The $9.2M Bet That Ends Silicon Valley
The man who called 2008 while Wall Street laughed just walked away from public markets forever.
Michael Burry didn’t just short Palantir. He executed the most asymmetric trade in financial history: $9.2 million for the right to collect $240 million when AI collapses. That’s 2,600% returns when the bubble pops.
The Numbers Don’t Lie:
Palantir: 449x earnings. Trading at $184. Burry’s strike: $50.
NVIDIA: Burning cash on chips obsolete in 36 months, depreciating them over 10 years.
The entire AI sector: Hiding $176 billion in fake accounting through 2028.
This is Enron mathematics. This is subprime CDOs wearing a silicon mask.
What Nobody Sees:
Big Tech spent $200 billion building AI infrastructure in 2025 alone. Revenue growth? Under 20%. The energy costs? Enough to power entire nations. The depreciation fraud? Bigger than anything in corporate history.
Burry spotted it. Filed his 50,000 put contracts. Then did something unprecedented: he deregistered his entire fund on November 10th, vanishing from regulatory oversight exactly like he did in 2008 when the pressure broke him.
This Is Not A Trade. This Is A Prophecy.
When Palantir’s CEO called him crazy, Burry went silent. No defense. No explanation. Just one cryptic post: November 25th. Something unchained.
He’s not managing money anymore. He’s not playing games. He placed the bet, walked away from the table, and left instructions for what comes after.
The man who warned us about housing while banks collapsed is now warning us about AI while tech soars 173% this year.
Last time, it took 18 months to be proven right.
Last time, he made $100 million and nearly lost his mind.
This time, he’s not waiting around to watch.
Full article here - https://t.co/vVpFcN1Wzf