๐ง $SUI RESPECTS THE TREND: READY FOR A BOUNCE AFTER ABSORBING THE DROP? ๐๐จ
After days of correction and post-event volatility, Sui $SUI is showing a clear sign of buying absorption right above its key structure on the daily chart.
๐ KEY CHART POINTS (1D):
1๏ธโฃ Trendline Support: The price precisely defended the confluence of the major uptrend line and the MA(25) ($1.0641), marking a firm bounce from the low of $1.0488 to $1.0836 USDT.
2๏ธโฃ Immediate Resistance: The next hurdle to clear to confirm a shift in momentum on the 4H/1D charts is the MA(7), located at $1.13 USDT.
3๏ธโฃ Tactical Target: Consolidating above $1.10 clears the way to retest the previous range highs in the $1.20โ$1.29 USDT zone.
๐ง TACTICAL TAKE AND DEBATE:
Buying near the bottom of a respected trend always offers a much more favorable risk/reward ratio than chasing the price near the highs.
๐ Follow the price action of $SUI
Do your analysis
After days of correction and post-event volatility, Sui $SUI is showing a clear sign of buying absorption right above its key structure on the daily chart.
๐ KEY CHART POINTS (1D):
1๏ธโฃ Trendline Support: The price precisely defended the confluence of the major uptrend line and the MA(25) ($1.0641), marking a firm bounce from the low of $1.0488 to $1.0836 USDT.
2๏ธโฃ Immediate Resistance: The next hurdle to clear to confirm a shift in momentum on the 4H/1D charts is the MA(7), located at $1.13 USDT.
3๏ธโฃ Tactical Target: Consolidating above $1.10 clears the way to retest the previous range highs in the $1.20โ$1.29 USDT zone.
๐ง TACTICAL TAKE AND DEBATE:
Buying near the bottom of a respected trend always offers a much more favorable risk/reward ratio than chasing the price near the highs.
๐ Follow the price action of $SUI
Do your analysis