SUN — Getting Ready For The Next Run?
SUN/USDT shows signs of strength after a period of consolidation followed by a U-shaped bottom formation. This pattern often signals the end of a downtrend and the potential for an upward move.
We’re waiting for a clear close above the ~0.028 resistance level (marked by the grey consolidation area) for a safe entry. A close above this level confirms the breakout and reduces the risk of a fakeout.
The first target is 0.03, with the next key level at 0.038. These levels mark the next resistance zones that could act as price targets during a breakout.
An essential factor to watch is volume!
We want to see rising volume once the price pushes through the grey area to support the momentum and confirm the breakout. If volume stays low, it might indicate weakness or risk of a false breakout.
We’re waiting for a clear close above the ~0.028 resistance level (marked by the grey consolidation area) for a safe entry. A close above this level confirms the breakout and reduces the risk of a fakeout.
The first target is 0.03, with the next key level at 0.038. These levels mark the next resistance zones that could act as price targets during a breakout.
An essential factor to watch is volume!
We want to see rising volume once the price pushes through the grey area to support the momentum and confirm the breakout. If volume stays low, it might indicate weakness or risk of a false breakout.
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