Sui has formed a bullish double bottom at the $1.32 support zone after an extended downtrend of lower highs and lower lows. The pattern now looks ready for confirmation.
The key level to break is the neckline around $1.66, which sits directly above a bearish order block. A strong close above this region could trigger momentum toward $2.19.
Key Points:
- Double bottom forming at $1.32
- Neckline resistance around $1.66
- Next major target at $2.19
What to Expect:
A breakout above $1.66 could ignite a trend reversal. Failure to do so may lead to continued consolidation around support.
The key level to break is the neckline around $1.66, which sits directly above a bearish order block. A strong close above this region could trigger momentum toward $2.19.
Key Points:
- Double bottom forming at $1.32
- Neckline resistance around $1.66
- Next major target at $2.19
What to Expect:
A breakout above $1.66 could ignite a trend reversal. Failure to do so may lead to continued consolidation around support.
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Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
