Right now, SUI is sitting at the apex of the triangle. A breakout above resistance could open the door for a sharp move higher, while losing that rising support would mean buyers need to regroup at lower levels.
In simple terms: the squeeze is on, and whichever side breaks, momentum will likely follow fast.
DYOR, NFA
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
