$SUI
Traders’ call to action- Watch out for short-term gains
The 1-day chart’s swing structure was bearish, but the 2-hour timeframe’s price action was seeing a bullish reaction from the $0.70-$0.75 golden pocket. It is possible that a short-term bullish reaction could commence, especially if Bitcoin can rally back above $80k.
Traders and investors shouldn’t bet on a recovery, though. Considerable buying pressure is needed to take SUI crypto above the $0.80 and $1 supply zones.
A bounce could offer an opportunity to take profits, instead of convincing market participants to go long.
Traders’ call to action- Watch out for short-term gains
The 1-day chart’s swing structure was bearish, but the 2-hour timeframe’s price action was seeing a bullish reaction from the $0.70-$0.75 golden pocket. It is possible that a short-term bullish reaction could commence, especially if Bitcoin can rally back above $80k.
Traders and investors shouldn’t bet on a recovery, though. Considerable buying pressure is needed to take SUI crypto above the $0.80 and $1 supply zones.
A bounce could offer an opportunity to take profits, instead of convincing market participants to go long.
