$SUI fell below the 1.05 level.
Let’s use this figure to break down the key price levels.
The more often a price level is tested, the more prominent it tends to become in traders’ minds. However, some argue that repeated tests may instead weaken the support there.
Breaking through a level only shows that one side has the upper hand at that moment. Whether the move can continue depends on where the next key level is and whether trading volume can keep up.
Several data points confirming one another are more reliable than looking at just one, but even more signals can’t provide a definitive answer.
#SUI
Let’s use this figure to break down the key price levels.
The more often a price level is tested, the more prominent it tends to become in traders’ minds. However, some argue that repeated tests may instead weaken the support there.
Breaking through a level only shows that one side has the upper hand at that moment. Whether the move can continue depends on where the next key level is and whether trading volume can keep up.
Several data points confirming one another are more reliable than looking at just one, but even more signals can’t provide a definitive answer.
#SUI