⏰ $SUI rises above the 1.05 level!
Take a moment to stay calm and understand the key price levels first 👇
Common ways to determine whether a break below a level is valid include: closing on the other side of the level, failing to break back above it on a rebound, and seeing volume pick up as the price crosses the level.
It’s common for the price to cross a level and then fall back, so many people wait for confirmation at the close before counting it as a valid break, rather than following immediately as it crosses.
Learning to read indicators isn’t hard; the hard part is sticking to the rules when the market is extremely volatile.
#SUI
For recording and sharing purposes only; this is not trading advice.
Take a moment to stay calm and understand the key price levels first 👇
Common ways to determine whether a break below a level is valid include: closing on the other side of the level, failing to break back above it on a rebound, and seeing volume pick up as the price crosses the level.
It’s common for the price to cross a level and then fall back, so many people wait for confirmation at the close before counting it as a valid break, rather than following immediately as it crosses.
Learning to read indicators isn’t hard; the hard part is sticking to the rules when the market is extremely volatile.
#SUI
For recording and sharing purposes only; this is not trading advice.