#SUIUSDT may continue its trend after correction

Sep 10

#SUI

The price is moving within a bearish channel on the 1-hour timeframe; it has reached the lower boundary and is poised to break through it. A retest of this boundary is expected.

The Relative Strength Index (RSI) indicates a bearish trend, which is likely to continue given the overbought conditions.

There is a key resistance zone (marked in green) at 0.8400; the price has bounced off this level multiple times, making it a strong support level.

A consolidation trend is observed above the 100-period moving average, a level the price is currently approaching. This supports a potential decline toward that level.

Entry Price: 0.7415
Target 1: 0.7254
Target 2: 0.7143
Target 3: 0.7017

Stop Loss: At the green resistance zone.

Remember this simple rule: manage your money wisely.

Please leave a comment if you have any questions.

Thank you.

Sep 12

Trade active

#SUI

Target 1: 0.7254 Reached
Target 2: 0.7143 Reached

Sep 13

Trade closed: target reached

#SUI

Target 1: 0.7254 Reached
Target 2: 0.7143 Reached
Target 3: 0.7017 Reached