Korean 'impulse' or a trap for retail? My plan for January 17
The market has digested the failure of the network
$SUI (the consensus bug is fixed, the fundamentals held up), and now the price is squeezed in a narrow corridor of $1.78 – $1.85.
We are waiting for the 'Korean breakthrough'. An interesting situation is forming on Upbit, but I will not enter a trade without reliable support. Here is my checklist:
✅ Entry condition: 1. Trading volume (24h) on the SUI/KRW pair must break $500 million (currently ~$300 million).
2. Fixing above $1.96. This is the 'line of death' for short-sellers, above which a cascade of liquidations will begin.
🏗️ My analysis:
Entry: $1.92 (limit order on confirmed breakout).
Targets: $2.08
$2.15 🐯
$2.24.
Stop-loss: $1.76. If the fundamentals crack here — the scenario is canceled.
⚠️ Red flag: Bitcoin is the weather. If
$BTC goes to test $94.5k, no pump of SUI will hold. In the storm, we stop working in longs.
Before entering in the morning, I will definitely check the Funding Rate. If short-sellers are overleveraged (negative rate) — this is the perfect fuel for our growth.
Not financial advice. Build your portfolio wisely.
#SUI #CryptoTrading #Upbit #SuiNetwork #tradingStrategy