$4.10 is proving to be the current level of resistance.
I was really hopeful there was more runway up after reaching the $4.00 mark.
Note: This analysis is valid only if SUI falls below $4.07.
SUI is hitting resistance in the $4.00 to $4.10 range, so we may see some short-term rejection before the next move up to $4.20 and beyond.
With all of the good news regarding crypto deregulation in the U.S. and the innovation milestones at SUI, any move down toward $2.40 will likely be very short-lived.
I was really hopeful there was more runway up after reaching the $4.00 mark.
Note: This analysis is valid only if SUI falls below $4.07.
SUI is hitting resistance in the $4.00 to $4.10 range, so we may see some short-term rejection before the next move up to $4.20 and beyond.
With all of the good news regarding crypto deregulation in the U.S. and the innovation milestones at SUI, any move down toward $2.40 will likely be very short-lived.
Note
Correction: This analysis is only valid if SUI fails to hold above $3.90, and hopefully this idea will not come true.Order cancelled
Looks like we are staying above $3.90... and if we do move down it will still print a higher low, so that would be in the $3.60 range. This post does not fit the current bullish momentum the overall market is in.Note
Well, it's very apparent that SUI did not hold above $3.90, and even though I canceled this order, it seems to be playing out for the most part!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.