$SUI
Technical analysis is absolute codswallop that dreamers kid themselves with, while the pros know full well it's the whales moving the markets just to rinse retail traders!
Looking at the SUI chart with the current price sitting at 1.1354, we’re looking dead-on at a cheeky bullish setup that’s completely going against the herd
Entry Zone: Market buy right now at 1.1354 after breaking above the exponential moving averages and holding them nicely as support
$SUI
Stop Loss: A break below 1.0795, which is right underneath the lower Bollinger Band
First Take Profit: Targeting the previous resistance around 1.2200
The reasoning boils down to that proper strong bounce off the 0.9980 bottom, forming a solid impulsive base backed by the MACD flipping positive with a tidy bullish crossover on the moving averages
Plus, the RSI is holding above neutral, showing real liquidity building up to shove the price towards fresh highs and utterly sod the doubters
$SUI
#SUI🔥 #Market_Update
Technical analysis is absolute codswallop that dreamers kid themselves with, while the pros know full well it's the whales moving the markets just to rinse retail traders!
Looking at the SUI chart with the current price sitting at 1.1354, we’re looking dead-on at a cheeky bullish setup that’s completely going against the herd
Entry Zone: Market buy right now at 1.1354 after breaking above the exponential moving averages and holding them nicely as support
$SUI
Stop Loss: A break below 1.0795, which is right underneath the lower Bollinger Band
First Take Profit: Targeting the previous resistance around 1.2200
The reasoning boils down to that proper strong bounce off the 0.9980 bottom, forming a solid impulsive base backed by the MACD flipping positive with a tidy bullish crossover on the moving averages
Plus, the RSI is holding above neutral, showing real liquidity building up to shove the price towards fresh highs and utterly sod the doubters
$SUI
#SUI🔥 #Market_Update