What’s Next for the SUI Chart? (3D)

The first structure, Wave A, appears to be an ABC correction.

Wave B could be forming a Diametric pattern, although other scenarios are also possible on the chart. Regardless of whether the Diametric scenario plays out or an alternative structure develops, the green zone has the potential to trigger a bullish wave on higher time frames.

The expectation is that price will continue its decline from the red box, moving lower to collect liquidity and fill orders at lower levels.

The lowest-risk buying area remains the green zone.

For Wave F, two potential targets can be identified, both of which are marked on the chart.

Let's see how the market unfolds.

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Do you also think SUI is bearish?