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The 4-hour SUI/USDT chart on the daily time frame is showing a clear channel, and it looks like the price is approaching a retest. This is a strong indication of potential bullish momentum. Additionally, the formation of a **falling wedge pattern**—a classic bullish signal—further supports the possibility of an upward breakout.
Looking closer at the RSI (Relative Strength Index), we see an upward shift, which indicates growing buying strength and suggests further potential upside. Together, these technical signals point towards a positive short-term outlook for this coin.
Trade Details:
1st Entry: $2.0717 (or Market Price)
2nd Entry: $2.0000
Leverage: 20x - 30x
Stop Loss: $1.8960
Recommended Depositl: 5% of capital
Targets:
1st Take Profit: $2.2538
2nd Take Profit: $2.3368
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