Sui short is breaking down Sui is breaking down from rising wedge pattern
After closure of this 4hr candle in red I will open a short position with tp of 3.5%
NFA/DYOR
SUIUSDT.P trade ideas
SUI/USDT Poised for Explosive Bullish Momentum!!! 👀 💎 Paradisers, get ready for a potential market shakeup! SUI/USDT is currently nestled at the 0.618 level of the Fibonacci retracement tool, a critical pivot point that often signals a possible price reversal. This level has a storied history of being a significant turning point for the asset.
💎 We're witnessing a period of market consolidation, with SUI/USDT forming a distinct box within the 0.5 and 0.618 range. This phase of market equilibrium suggests a tug-of-war between buyers and sellers, each vying for control.
💎 The real game-changer to watch out for is a breakout above the consolidation box and the trendline. If SUI/USDT can break and hold its price above these levels, we could see the ignition of bullish momentum.
💎 Traders and investors are on the edge of their seats, waiting for this breakout. It could unlock exciting profit opportunities. Keep your eyes peeled on the price action and volume to confirm the strength of the breakout.
💎 As always, caution is key. Despite the promising signs, market conditions can be unpredictable. It's vital to conduct thorough analysis and exercise caution. Always set appropriate risk management strategies and consult with a financial advisor if needed.
💎 Don't miss out on the potential bullish surge in SUI/USDT! Stay tuned for further updates as the market unfolds. Happy trading!
