$SUI
— Is this 5-month rounded bottom ready to break out?
SUI has spent months building a large rounded bottom after falling towards $0.65.
Now price is testing the most important part of the structure: Neckline resistance: $1.18–$1.35
The context is becoming increasingly bullish:
• Price has reclaimed the 200 EMA
• 2Sydes Trend: BULLISH
• Price has entered the neckline resistance zone
• Money Flow is recovering from an extreme
• Rounded-bottom structure remains intact
A clean breakout above $1.35 would confirm the neckline break and could open the way towards the larger technical target around $1.83.
Until then, SUI is still fighting resistance.
Invalidation of this idea lives below the neckline resistance $1.18.
#SUI🔥 #Crypto
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See what others miss. Trade with intelligence.
— Is this 5-month rounded bottom ready to break out?
SUI has spent months building a large rounded bottom after falling towards $0.65.
Now price is testing the most important part of the structure: Neckline resistance: $1.18–$1.35
The context is becoming increasingly bullish:
• Price has reclaimed the 200 EMA
• 2Sydes Trend: BULLISH
• Price has entered the neckline resistance zone
• Money Flow is recovering from an extreme
• Rounded-bottom structure remains intact
A clean breakout above $1.35 would confirm the neckline break and could open the way towards the larger technical target around $1.83.
Until then, SUI is still fighting resistance.
Invalidation of this idea lives below the neckline resistance $1.18.
#SUI🔥 #Crypto
Follow for more.
See what others miss. Trade with intelligence.
