$SUI broke above the 24-hour high: current price 1.1354, previous high 1.132.
After the breakout, focus on two things:
· Whether the previous high of 1.132 turns from resistance into support (holds on a retest)
· Whether the breakout is supported by volume; breakouts on declining volume often turn into bull traps
Opportunity or trap?
#SUI
This is just a market update. Please make your own trading decisions.
After the breakout, focus on two things:
· Whether the previous high of 1.132 turns from resistance into support (holds on a retest)
· Whether the breakout is supported by volume; breakouts on declining volume often turn into bull traps
Opportunity or trap?
#SUI
This is just a market update. Please make your own trading decisions.