#SUİ held onto its gains for a while toward the end of September, but began to fluctuate and weaken after entering October. The daily chart has also formed a red engulfing pattern, indicating that short-term selling pressure is increasing.
The key area to watch is the $0.80–$1.00 support zone. On the 4-hour chart, $1.00 is also an important level to defend. The price could regain strength if buying momentum returns and pushes it above $1.20.
The RSI is currently around 39.69, and has not yet entered oversold territory below 30.
The key area to watch is the $0.80–$1.00 support zone. On the 4-hour chart, $1.00 is also an important level to defend. The price could regain strength if buying momentum returns and pushes it above $1.20.
The RSI is currently around 39.69, and has not yet entered oversold territory below 30.