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SUNUSDT trade ideas

SUN Is Up 350% — Does It Still Make Sense To Enter?SUN is one of the tokens which profited massively from the Tron hype. It pumped ~350% in the last seven days. In case you don't know: SUN is the native token of the SUN ecosystem — the biggest platform for swap, yield farming, and self-governance on the TRON chain. Additionally, they introduced Sun Pump — the first meme fair launch platform on Tron. Sun Pump was one (or THE) driver behind the latest Tron hype. Here's the cool part: The more memes, the more protocol revenue, and the more SUN supply gets burned—a powerful flywheel. Should You Buy SUN Now? Buying a token that has just increased 350% always feels like buying the top. Therefore, I wouldn't invest all my money at this level. On the other hand, it looks like we're just at the beginning of the Tron hype. Accordingly, SUN can go much higher in the mid-term. Considering the above, the best approach is DCAing on dips. For example, if you want to invest $1,000, you buy $50 each time it dips x% (e.g., 5%). By doing so, you can reduce the risk of both buying the top and missing the train.
Long
by ben_walther
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 WaveRiders2
SUN Price prediction 2024 - SUN IS GOING TO SHINE AND $0,07 SUN Price Prediction 2024 - Will SUN Shine Bright? Based on our analysis, SUN could reach an exciting target of $0.07 by the end of this year. Current Trends At the start of the year, SUN's trend looks promising and different from previous years. This isn't just about a percentage increase but also about its overall development. Year 2023 was a red year and 100% not sumllair as the trends of this year. The year 2024 already made some start trends also to see on chart. What’s Next for SUN? We’re keeping a close eye on SUN because it has shown some very interesting movements recently. For 2024, there are several possible targets: $0.021 $0.025 $0.035 $0.047 The most optimistic target is $0.07, which would be up to a new all-time high (ATH). Note Always do your own research. This is not trading advice. The market can be unpredictable. The market can go for a time stable, it's about the year 2024 this is not short-term update.
SLong
by SatochiTrader
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
22
SUNUSDTGod's money Our trust is in God In today's society, money is God, if you are rich, you are God of people So step by step in the direction of analysis and successful entry and exit, God of the people, be patient and be patient Sun currency has reached the resistance zone, it is forced to collect and distribute in order to continue moving and aiming for price increase. And the price drop becomes more likely. So you can enter the market at specified points and make a profit.
Short
by FUACOMPANY
Sun (New) (SUN)The SUN.io platform is the first integrated platform for stablecoin swap, yield farming, and self-governance on TRON. The new SUN token redenominated from the old SUN; see chart below for recalibration ratio. Anyway, it is clear that SUN was in a downtrend, and when SUN broke the downtrend line, it went into a consolidation zone; in the shape of a sideways channel. Then SUN broke this area upward and it seems SUN aimed to reach ATH. Let's see what happens.
Long
by SaeedSalehinia
SUN/USDT Had a Major Crash |👀🚀 What's Next for SUN?💎Paradisers, let's focus on #SUNUSDT, where the current trends indicate a potential for a bullish turnaround from its vital support area. 💎A review of #SunToken's latest market activities reveals a notable 45% reduction from its recent high. Yet, the steadfastness at the support level of $0.0072 suggests an opening for an upward movement. 💎Despite the hurdles in achieving new highs or surpassing prior milestones, leading to prevailing bearish sentiment, the $0.0072 level is crucial for #SUN. This juncture is primed to potentially initiate a considerable bullish wave with a fresh assessment. 💎As strategic traders, we're always equipped with an alternative plan. If #SUN declines further from this support, we're gearing up for a bullish revival starting from the next support at $0.0060. It's important to remember, however, that descent through this marker could signal the start of more profound bearish trends. 💎Keep your strategies adaptable and your eyes on the market, Paradisers. Your ParadiseTeam is diligently observing, ready to navigate you through these evolving market scenarios.
SLong
by MyCryptoParadise_Simon
✴️ SUN Token: A Strong Crash Is Followed by Strong Growth (888%)Remember what happened to Solana after the major crash? A major bull-market... They crash for varied reasons but mostly based on fundamentals or something related to the exchanges or developers... We don't mind right now because we focus on the chart. Here we can see SUN Token (SUNUSDT) went through a major crash and this normally opens the doors for huge growth. I am mapping here a little less than 900% but there can be so much more, truly. You can find this out by looking at the complete chart. A bullish trend can take prices back to the same level as 2021. If this doesn't happen, there is still huge potential as shown on this chart. Namaste.
Long
by MasterAnanda
2
SUN - what to expect SUN is moving in a downtrend towards a divergence of price. It looks like it is moving towards the top of the price channel but (I could be wrong) it is going to be pulled back to the demand zone highlighted in purple. A very usual behavior in order for the coin to gain momentum. Once it gets in the zone, it could either reverse smoothly or continues moving down till the bottom of the channel. If it happens to do the latter, it will aggressively reverse and breakout the channel boundaries.
by gamall1987
1
SUN/USDT 1D. Main trend. Secondary. Local. All main details.Coin Sun. This is an altcoin from the TRX ecosystem. Other coins in this ecosystem are: NFT, JST, BTTC(BTT), TRX. On the backstage of XRP rise(China money partly) TRX class of assets also look very interesting. In this idea i'll share my view on SUN from TRX group of assets. From the beginning of the trading history coin has been dumping, which is basic for almost every altcoin. After reaching certain prices trend reversed and broke the main downtrend. After that the retest followed and that was also the moment of the beginning of big diamond forming. I remind you that diamond is a reversal of the trend pattern, also consider the timeframe it's forming on(the bigger the TF the stronger the formation). This diamond is forming already for something about 400 days. Local and midterm trends are shown on the chart. Also consider the volume spring shown, which means that there's a potential for big impulse soon. Local targets and zones are shown on the chart. Capitalization of this coin is 55m$ as for the moment of writing. So there's quite a potential of 10x on the high of the trend. This will be 666 zone...
Long
by TradingTsar
2