$SUI The chart ate its own structure.
SUI had a beautiful iHNS and a good potential to tap its targets as well, but the closing below $0.75 made all those efforts go in vain.
Now we are looking at this range, rather than that older pattern.
The range has this $0.72 as a bigger resistance, the more chart consolidates under this level, the more it gets bearish and potential to break the range low increases.
We are aiming for $0.55 as targets if the range breaksdown.
We can talk about the breakout targets when/if chart shows strength on the breakout side.
SUI had a beautiful iHNS and a good potential to tap its targets as well, but the closing below $0.75 made all those efforts go in vain.
Now we are looking at this range, rather than that older pattern.
The range has this $0.72 as a bigger resistance, the more chart consolidates under this level, the more it gets bearish and potential to break the range low increases.
We are aiming for $0.55 as targets if the range breaksdown.
We can talk about the breakout targets when/if chart shows strength on the breakout side.