SUI/USDT chart shows a breakout from a descending trendline, confirming upward momentum. Current price tests the resistance zone around $4.00. BTC is receiving support from the FVG, indicating short-term bullish potential.
Bullish Scenario: If price breaks above the resistance zone, a rally towards $4.50 to $5.00 is possible. Watch for confirmation of higher highs on shorter timeframes.
Invalid Setup: If price fails to break the resistance and falls back below $3.50, the bullish setup would be invalidated.
Pro Tip: Always wait for a clear confirmation candle above the resistance zone before entering a trade to minimize risk.
Bullish Scenario: If price breaks above the resistance zone, a rally towards $4.50 to $5.00 is possible. Watch for confirmation of higher highs on shorter timeframes.
Invalid Setup: If price fails to break the resistance and falls back below $3.50, the bullish setup would be invalidated.
Pro Tip: Always wait for a clear confirmation candle above the resistance zone before entering a trade to minimize risk.
Trade active
SUI / USDT moving as expected. Breakout done and retest is in progress. Expecting a bullish move towards $6 soon..Watch for healthy retest and Enter the ride after confirmation
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🚀 Join my Telegram community for free crypto signals, entry/exit points, and real-time market updates!
👉t.me/CryptoPrime18
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Disclaimer
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.