$SUI also looks broadly quite bullish above the previous daily high (D1), but market conditions are still not good.
If it loses the $1.0880 level on the daily chart, it could fall to $1.040 or even $0.9800.
A drop seems possible. If it happens, I’ll take the opportunity to buy the dip before the next rise. Otherwise, I’ll wait and see whether buyers can consolidate the price again at local support.
I’m bullish, but a market shakeout before the next rise cannot be ruled out.
NFA = Not Financial Advice.
📊 Analysis summary
🟢 Bullish scenario: SUI holds support and prepares to rise again.
If it loses the $1.0880 level on the daily chart, it could fall to $1.040 or even $0.9800.
A drop seems possible. If it happens, I’ll take the opportunity to buy the dip before the next rise. Otherwise, I’ll wait and see whether buyers can consolidate the price again at local support.
I’m bullish, but a market shakeout before the next rise cannot be ruled out.
NFA = Not Financial Advice.
📊 Analysis summary
🟢 Bullish scenario: SUI holds support and prepares to rise again.