$SUI This rebound, the strength is not quite there to look at
Price bounced up from around 0.716, but when it reached 0.736 it clearly couldn’t move further. Overhead resistance is relatively strong. Although it managed to get above the mid-band at 0.733, the MACD histogram value is only 0.0019— the red bars are almost negligible. The fast and slow lines are still lying below the zero line; this doesn’t look like a turn for the stronger. Volume also didn’t keep up. A contraction-volume rebound usually doesn’t have good staying power. If 0.736 can’t hold and reclaim, the likelihood of a pullback toward around 0.71 is higher.
Entry: 0.7342
Stop loss: 0.7400
Take profit: 0.7180
$SUI - Empty 🔻
Enter the trade from below👇
Price bounced up from around 0.716, but when it reached 0.736 it clearly couldn’t move further. Overhead resistance is relatively strong. Although it managed to get above the mid-band at 0.733, the MACD histogram value is only 0.0019— the red bars are almost negligible. The fast and slow lines are still lying below the zero line; this doesn’t look like a turn for the stronger. Volume also didn’t keep up. A contraction-volume rebound usually doesn’t have good staying power. If 0.736 can’t hold and reclaim, the likelihood of a pullback toward around 0.71 is higher.
Entry: 0.7342
Stop loss: 0.7400
Take profit: 0.7180
$SUI - Empty 🔻
Enter the trade from below👇
