SUIUSDT is showing a potential cup and handle formation, indicating a bullish outlook. The cup phase has completed, and the handle is currently forming, expected to end around the accumulation zone. The target price, derived from the pattern, suggests significant upside potential upon a breakout.
A crucial stop loss level is identified below the accumulation zone to manage risk; if the price drops below this, the pattern may fail. Key levels to watch are the support at the handle's lower boundary and resistance at the upper boundary.
A crucial stop loss level is identified below the accumulation zone to manage risk; if the price drops below this, the pattern may fail. Key levels to watch are the support at the handle's lower boundary and resistance at the upper boundary.
Trade active:
Price continues its consolidation, we should keep our attention on accumulation zone for good buying opportunity
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