#SUI Price Action Analysis (for #intradaytrading )
$SUI price has formed Head and Shoulder pattern in 30 minutes price chart. After the breakdown of the pattern, the price is retesting the neckline.
Usually, the Formation of head and shoulder pattern after significant price rally is a sign of top.
In case of SUIUSDT crypto pair, this pattern may act as intraday trend reversal.
👉 For #daytrading , trade SUI coin on SELL side and buy it back at the nearest support around 1.35 USDT.
On long-term basis, SUI still seems bullish and it may carry its trend after this intraday correction. However, we need further clues to decide long-term trend & trading.
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