Take another look at $SUI — the chart is beginning to echo a pattern we’ve seen before.
Back when SUI entered that green zone it took time to build strength moved sideways and then broke into a strong rally.
Later it consolidated inside a large black box and once price slipped below that structure the drop unfolded.
Fast-forward to now:
SUI has completed the decline reached a similar demand zone and is starting to stabilize — almost the same structure as before its previous upward move.
When SUI rounds off at the bottom of a long downtrend the next stage has often been an upside leg.
If the pattern repeats potential levels of interest include:
• $2.02
• $2.44
• $2.92
Nothing exaggerated — simply reading what the chart is showing.
SUI is displaying the early signs of a potential shift and this is typically when the market starts paying closer attention.
The next move may be closer than many expect.
