$SUI
I — Has the 5-month extended SUI circular bottom finally become ready for a breakout? 🔥
SUI spent the past five months building a large circular bottom model, after dropping to around the $0.65 level.
Now the price is testing the most important part of this pattern:
📍 Neckline resistance: $1.18–$1.35
The context has become increasingly bullish:
• Price has reclaimed the 200 EMA
• 2Sydes trend: BULLISH
• Price has entered the neckline resistance zone
• Money flow is recovering from extreme levels
• The round-bottom pattern is still intact
A clear breakout above $1.35 could confirm a neckline breakout, and could open the path toward the bigger technical target around $1.83. 🚀
Until then, SUI still faces strong resistance.
⚠️ Scenario invalidation: A drop below $1.18 would weaken this setup.
#SUI 🔥 #Crypto
Follow me for more.
Don’t miss what others overlook. Trade smart. 🧠📈
I — Has the 5-month extended SUI circular bottom finally become ready for a breakout? 🔥
SUI spent the past five months building a large circular bottom model, after dropping to around the $0.65 level.
Now the price is testing the most important part of this pattern:
📍 Neckline resistance: $1.18–$1.35
The context has become increasingly bullish:
• Price has reclaimed the 200 EMA
• 2Sydes trend: BULLISH
• Price has entered the neckline resistance zone
• Money flow is recovering from extreme levels
• The round-bottom pattern is still intact
A clear breakout above $1.35 could confirm a neckline breakout, and could open the path toward the bigger technical target around $1.83. 🚀
Until then, SUI still faces strong resistance.
⚠️ Scenario invalidation: A drop below $1.18 would weaken this setup.
#SUI 🔥 #Crypto
Follow me for more.
Don’t miss what others overlook. Trade smart. 🧠📈
