SUI broke the downtrend and it may be ready to fly.
We believe that it will make a big move as APTOS did from its bottom when it reached 20 $.
Now it's SUI's time .
Expecting the uptrend towards 1,20 or maybe even 1,40 $ and from there big correction again.
We wouldn't hold SUI long-term because of number of locked tokens, but as a swing trade, it looks promising.
2 possible scenarios are shown on the chart.
If we get a pullback, it is for buying.
Good luck
We believe that it will make a big move as APTOS did from its bottom when it reached 20 $.
Now it's SUI's time .
Expecting the uptrend towards 1,20 or maybe even 1,40 $ and from there big correction again.
We wouldn't hold SUI long-term because of number of locked tokens, but as a swing trade, it looks promising.
2 possible scenarios are shown on the chart.
If we get a pullback, it is for buying.
Good luck
Operación activa:
backtest in play
Comentarios:
The price is respecting the downsloping support but we don't see a follow through after the breakout yet.
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Valid until above the downsloping support