#SUI/USDT The Interesting part of the market

#SUI

The price is moving within an ascending channel on the 1-hour timeframe and is adhering to it well. It is poised to break out strongly and retest the channel.

We have a downtrend line on the RSI indicator that is about to break and retest, which supports the upward move.

There is a key support zone in green at the price of 2.42, representing a strong support point.

We have a trend to stabilize above the 100-period moving average.

Entry price: 2.49
First target: 2.61
Second target: 2.62
Third target: 2.71

Don't forget a simple point: money management.

Upon reaching the first target, save some money and then change your stop-loss order to an entry order.

For any questions, please leave a comment.

Thank you.