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SUNUSD

Bullish Triangle Breakout Pattern in SUNUSDT NOW Description: SUN Coin has recently displayed a bullish triangle breakout pattern, signaling a potential upward trend. This pattern typically indicates a continuation of the prior uptrend, providing a strong buying opportunity for traders. The key features of this breakout include: Consolidation Phase: SUN Coin experienced a period of price consolidation, forming a triangle pattern. This phase is characterized by a series of higher lows and lower highs, converging towards a point of breakout. Volume Increase: As the price approaches the apex of the triangle, trading volume often increases, suggesting heightened trader interest and momentum. Breakout Confirmation: The breakout above the upper trendline of the triangle is a bullish signal. For confirmation, look for a closing price above this trendline accompanied by increased volume. Target Price: The target price for this breakout can be estimated by measuring the height of the triangle at its widest point and projecting this distance upwards from the breakout point. Support and Resistance Levels: Post-breakout, it's crucial to monitor key support and resistance levels. The former resistance line (upper trendline of the triangle) now acts as a support level, while previous highs may serve as resistance. Trading Strategy: Entry Point: Enter a long position at or just above the breakout level. Stop Loss: Set a stop loss slightly below the breakout point or below the former support line to manage risk. Take Profit: Consider taking profit at the projected target price or in stages as the price approaches significant resistance levels. Stay updated with the market sentiment and watch for any signs of reversal or false breakouts
Long
by rebenga93
SUN - will 10x in 2024. Buy now or wait? ReadSUN is another gold mine that can make a lot of profit in 2024! We can see that we have had a 622-day long consolidation at the bottom of the chart. It's very important for whales to accumulate their coins so they can pump them and make a lot of money. What we want to do is spot the buying activity and buy before the pump!  I am definitely bullish on this coin, and the most important question - buy now or wait for a correction? It's not always an easy task, as sometimes the chart does not make any significant pullbacks. If you want to wait, I strongly recommend buying at 0.011320. Often,  patience is the key to success. But if you really believe in this coin and do not want to miss out, you can buy the coin now and potentially buy even more on a pullback! On the chart, you can see 3 profit targets that you can use. The third profit target will be specified later in 2024, so make sure you follow me! Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. What Is SUN token (SUN)? The SUN.io platform is TRON's first one-stop platform that supports stablecoin swap, token mining and self-governance. After the redenomination, the new SUN token, as a multifunctional governance token on the SUN platform (similar to the CRV token of Curve DAO and the EPS token of Ellipsis), will grant token holders various rights and benefits such as the voting and governance right in the community, value capture, staking rewards, etc..
Long
by Xanrox
21
A quick look at SUNUSDPer the request from our audience, we would like to take a look at SUNUSD. Based on the information available on Binance’s website, this cryptocurrency was created in connection with the Sun platform and is intended to promote the development of decentralized finance on the TRON blockchain network. In 2021, the Sun token was swapped with a new version of the token at a ratio of 1:1,000. Since then, the Sun’s value has fallen by more than 51%. Furthermore, unlike Bitcoin and other cryptocurrencies, the SUNUSD marked a new low in early December 2023 (after rising almost 100% between late 4Q22 and 1Q23). Overall, the SUNUSD’s volatility might make for exciting swing trade opportunities. However, a long-term investment in this coin seems high risk. Illustration 1.01 Illustration 1.01 displays the weekly chart of the Sun token. The blue indicator below the main graph shows the weekly percentage change, providing a good picture of how volatile this cryptocurrency is; for example, on 1st December 2023, the SUNUSD plunged by more than 28% and rose by 41% the following day. Illustration 1.02 The image above shows the MACD breaking into bullish territory on the daily chart, slightly bolstering a bullish case in the short term. Technical analysis gauge Daily time frame = Bullish Weekly time frame = Neutral *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of multiple indicators. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
BITFINEX:SUNUSD
by Tradersweekly
SUN hit targets again. 430% profits. What's next?Hello, dear TradingView members. This is a SUN idea. Once more, we opened our positions on SUN around the $0.00525 area, which was a solid support level and a great buy/long opportunity. So far, we have made about 43% (430% with a 10x leverage) profit, and it's safer and more logical to close all positions now. Do not FOMO. If you're a risk taker, you can wait for the solid resistance and close your positions, but don't forget to use local resistance as your SL. As you can see on the chart, this coin has reached 2 levels of resistance on the hourly and daily timeframes based on the Fibonacci retracement. There are three support levels on the way down, which will let us open more long positions when we get more confirmation. But for now, we should wait and see. RSI is overbought, and the price has more room to go down. Now let's see your ideas. Let's have a discussion. Let me know if you guys have any questions; I will be more than happy to help. Good luck, and thank you.
by ShawnMCR
6
🌞 SUN pumped 55%. Is this a breakout?Hello, dear TradingView members. This is a SUN idea. SUN suddenly had a 55% pump in the market and became today's top gainer. There is not enough volume in the market to support this pump, and also, there is a solid resistance level on the way up, pushing down on price. The price still hasn't successfully passed the local resistance level, so do not FOMO and wait for better confirmation. There are two scenarios in the current situation: Scenario One: The price will pass the local resistance and move to the solid resistance area and gets rejected and falls back on the local resistance and turns it into support. Scenario Two: Local resistance will reject the price and fall back to the half-shadow support levels. RSI is in the overbought area, and the price has more room to go down. Now let's see your ideas. Let's have a discussion. Let me know if you guys have any questions; I will be more than happy to help. Good luck, and thank you.
by ShawnMCR
8
✳️SUN/USDT Analysis (5/1) #SUN $SUNCurrently, there is buying pressure in 6$ zone and the selling pressure has decreased so I think SUN will bounce back to 9$ zone in the next few days. However, 9$ zone is very strong and there is currently some bad news for TRX and Poloniex when being investigated by the US government, so it is likely that SUN will also be affected and the most important thing when trading with SUN is necessary to set a stop loss to ensure safety against a strong dump 📈BUY -Buy: 6-6.5$. SL if B 📉SELL -Sell: 9-9.5$ if B. SL if A ♻️BACK-UP -Buy: 9-9.5$ if A. SL if B -Sell: 11.5-12$. SL if A -Sell: 6-6.5$ if B. SL if A -Buy: 4-4.5$. SL if B ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
Long
by CryptoStation