💵 Pair: $SUI
⏳ Time Frame: #4H
🔥 SUI is currently trading inside a 4H range, and price is sitting right at the bottom of the range.
✔️ The range floor is around 0.6710, with the top at 0.7015. This area can also be considered a key support zone, as there are significant buy orders sitting in the order book down to 0.6660. If price pushes through these orders, we can consider it a confirmation that support has been lost.
⚠️ However, 0.6710 deserves special attention. Price has tested and rejected this level several times, making it a critical floor. A clean break below it could be the spark that triggers a strong bearish momentum move.
📉 What makes this setup even more interesting is that there isn't much strong support immediately below 0.6710–0.6660. If this zone gives way, the path could open for a deeper and more sustained move to the downside.
🚨 Don't let this level slip under your radar! Whatever strategy you trade, if you get a clear confirmation of the breakdown, this could be a setup worth watching closely for an entry.
⚠️ This is strictly my personal view and not financial advice. There are no guarantees in financial markets. Always manage your risk and use a proper stop-loss.
$BTC $BNB
#SUI #TechnicalAnalysiss #BinanceSquare #Write2Earn
⏳ Time Frame: #4H
🔥 SUI is currently trading inside a 4H range, and price is sitting right at the bottom of the range.
✔️ The range floor is around 0.6710, with the top at 0.7015. This area can also be considered a key support zone, as there are significant buy orders sitting in the order book down to 0.6660. If price pushes through these orders, we can consider it a confirmation that support has been lost.
⚠️ However, 0.6710 deserves special attention. Price has tested and rejected this level several times, making it a critical floor. A clean break below it could be the spark that triggers a strong bearish momentum move.
📉 What makes this setup even more interesting is that there isn't much strong support immediately below 0.6710–0.6660. If this zone gives way, the path could open for a deeper and more sustained move to the downside.
🚨 Don't let this level slip under your radar! Whatever strategy you trade, if you get a clear confirmation of the breakdown, this could be a setup worth watching closely for an entry.
⚠️ This is strictly my personal view and not financial advice. There are no guarantees in financial markets. Always manage your risk and use a proper stop-loss.
$BTC $BNB
#SUI #TechnicalAnalysiss #BinanceSquare #Write2Earn