SUNUSDT
✳️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"
SUN/BTC (Testing Reverse Fib 2.0 Support)💎Technical Analysis Summary💎
BINANCE: SUNBTC
-SUN is heavily on a downtrend since breaking its recent structure
-It is now trading just above reverse Fib extension support
-There is no sign of strength yet for SUN
-Just a little reaction bounce a few hours ago
-This is a high-risk trade if you will try to enter now
-Please wait for any signals or reversal patterns
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
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SUNUSDT AnalysisThis is a new coin on the USDT chart, so not much analysis for now. I will come back to reevaluate in a few weeks or even a month.
However, if we use support and resistance strategy, we can buy SUNUSDT at the 14.466 support level and then sell for a profit at the 19.335 resistance level.
That's all for now.