$SUI right back on the $1 line and, honestly, it looks exhausted 😅
The bounce from Thursday’s 0.96 reached 1.06 and stalled there; it was quickly sold off again. The price is below both EMAs on the 4H chart, and every high since early October has been lower than the one before.
For me, the key level is 0.99. If a 4H candle closes below it, the price will test 0.96 again and, below that, the September lows near 0.93.
To change my mind, it would first need to reclaim 1.03 and then close above 1.06. Until then, I’m not enthusiastic.
Who else is keeping an eye on this asset?
I’m only sharing my opinion; do your own research.
#SUI #Análisis
The bounce from Thursday’s 0.96 reached 1.06 and stalled there; it was quickly sold off again. The price is below both EMAs on the 4H chart, and every high since early October has been lower than the one before.
For me, the key level is 0.99. If a 4H candle closes below it, the price will test 0.96 again and, below that, the September lows near 0.93.
To change my mind, it would first need to reclaim 1.03 and then close above 1.06. Until then, I’m not enthusiastic.
Who else is keeping an eye on this asset?
I’m only sharing my opinion; do your own research.
#SUI #Análisis