SUIUSDT: Breakout + Retest = Lift-Off Soon!BINANCE:SUIUSDT has shown impressive strength, bouncing back with solid volume after hitting a major weekly support level. This bullish reaction suggests a potential move toward higher highs, making it an attractive opportunity for long-term investors. Entering a position in the spot market and holding for the long term could yield significant gains.
On the 4-hour chart, SUI is forming an ascending triangle pattern. After breaking out, it has successfully retraced and is now gearing up for a strong swing move. Traders can consider entering at this level and look to book profits as the price climbs higher. As always, managing risk with a proper stop loss is crucial.
BINANCE:SUIUSDT Currently trading at $2.4โจโจBuy level : Above $2.4
Stop loss : Below $2.15
Target : $3.5
Max leverage 3x
Always keep stop loss โจโจFollow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts