$SUI A SETUP AS PERFECT AS TAILOR MADE & THEN KABOOM 💥🚀
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When I mentioned on Sunday that a $ is coming, it was imminent. But a small profit booking couldn't be ignored at that point and it did occur.
📈 A perfect follow up of the Bullish flag, respecting the price action which I always believe holds way more significance than any indicator in the world. Also on the daily chart, the support came at the 20 DMA and formed a hammer. Breaking it down on a lower time frame, we're witnessing a Golden Cross on 4H chart.
Now when we have that breakout above the flag and the price comfortably floating above the $ mark up more than a staggering 17% for the day, how strong is the next resistance?
📊 Moving ahead we've strong hurdle at $1.10 which has been a point of rejection and that too multiple times. This will be a crucial phase for SUI and breaking above this will make its life a bit easier as resistances at $1.2 & $1.4 aren't strong enough.
At present the resistance of $1 has become the new support with $0.90 next to it. But I hardly see any downside move from here as buyers are heavily dominating now.
*This is not investment advice. Please do your own research before taking any trade.
