đš $SUI â 5-MONTH ROUNDED BOTTOM READY TO BREAK OUT? đ
SUI has spent months building a large rounded-bottom structure after falling toward $0.65.
Now price is testing the key neckline resistance zone:
đ Neckline: $1.18 â $1.35
đŻ Breakout confirmation: Above $1.35
đŻ Technical target: Around $1.83
â Invalidation: Below $1.18
Why Iâm watching this closely:
âą Price reclaimed the 200 EMA
âą Trend structure is bullish
âą Price is testing the neckline
âą Money Flow is recovering from extreme levels
âą The rounded-bottom structure remains intact
A clean breakout and hold above $1.35 could confirm the neckline break and open the door toward $1.83. đ
Until then, $SUI is still fighting resistance. Donât chase the breakout before confirmation.
$BTW
DYOR | NFA
SUI has spent months building a large rounded-bottom structure after falling toward $0.65.
Now price is testing the key neckline resistance zone:
đ Neckline: $1.18 â $1.35
đŻ Breakout confirmation: Above $1.35
đŻ Technical target: Around $1.83
â Invalidation: Below $1.18
Why Iâm watching this closely:
âą Price reclaimed the 200 EMA
âą Trend structure is bullish
âą Price is testing the neckline
âą Money Flow is recovering from extreme levels
âą The rounded-bottom structure remains intact
A clean breakout and hold above $1.35 could confirm the neckline break and open the door toward $1.83. đ
Until then, $SUI is still fighting resistance. Donât chase the breakout before confirmation.
$BTW
DYOR | NFA