There’s an important breakout happening on $SUI
.
The $0.9725 area was the top of the range that had been holding for months, and now we’re seeing SUI try to hold above it.
If this level starts acting as support, the setup has a solid base for a move higher.
Structurally, we’re seeing higher lows and higher highs forming, which could mean the trend is changing.
Above, $1.0370 is the first target, followed by $1.1637 and then the $1.38 area.
These levels mark areas where price reacted before. They weren’t drawn randomly.
In the short term, a move below $0.9542 would weaken the structure and could bring price back into the range.
But as long as $SUI holds above $0.9725, the long scenario remains valid.
.
The $0.9725 area was the top of the range that had been holding for months, and now we’re seeing SUI try to hold above it.
If this level starts acting as support, the setup has a solid base for a move higher.
Structurally, we’re seeing higher lows and higher highs forming, which could mean the trend is changing.
Above, $1.0370 is the first target, followed by $1.1637 and then the $1.38 area.
These levels mark areas where price reacted before. They weren’t drawn randomly.
In the short term, a move below $0.9542 would weaken the structure and could bring price back into the range.
But as long as $SUI holds above $0.9725, the long scenario remains valid.
