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๐๐๐
SUI COIN ANALYSIS ๐ฅ๐ฅ๐๐ฅ BIG PUMP SOON ๐ฅ๐ฅ๐
#Debate2024
---$SUI
๐ SUI/USDT Long Position Analysis ๐
I'm entering a long position on SUI/USDT based on the current price action and technical signals observed on the daily chart. The price is trading at $1.0191 (+9.63%) and has successfully broken out of the descending channel, showing bullish momentum.
Key Observations:
๐ Breakout from Descending Channel: The price has broken above the descending channel that has been in place since May, indicating a potential trend reversal.
๐ Reclaiming Resistance Zone: The SUI/USDT pair has moved above the critical resistance zone around $1.02. A successful hold above this level could signal further upside potential.
๐ช Increased Volume: The recent breakout is accompanied by a noticeable increase in trading volume, which supports the strength of the current move.
Potential Targets:
1๏ธโฃ First Target: $1.50 (Next significant resistance level)
2๏ธโฃ Second Target: $2.00 (Psychological level)
Risk Management: I will be keeping a close eye on the $0.86 level for potential stop-loss placement if the price fails to maintain the breakout.
---
Excited to see where this move leads! Remember to always manage your risk and trade based on your own analysis. ๐ง ๐ผ
#Crypto #SUI #USDT #Binance #Trading #CryptoAnalysis #LongPosition #Breakout
---
#CPI_BTC_Watch
#TON
#DOGSONBINANCE
#BNBChainMemecoins
---$SUI
๐ SUI/USDT Long Position Analysis ๐
I'm entering a long position on SUI/USDT based on the current price action and technical signals observed on the daily chart. The price is trading at $1.0191 (+9.63%) and has successfully broken out of the descending channel, showing bullish momentum.
Key Observations:
๐ Breakout from Descending Channel: The price has broken above the descending channel that has been in place since May, indicating a potential trend reversal.
๐ Reclaiming Resistance Zone: The SUI/USDT pair has moved above the critical resistance zone around $1.02. A successful hold above this level could signal further upside potential.
๐ช Increased Volume: The recent breakout is accompanied by a noticeable increase in trading volume, which supports the strength of the current move.
Potential Targets:
1๏ธโฃ First Target: $1.50 (Next significant resistance level)
2๏ธโฃ Second Target: $2.00 (Psychological level)
Risk Management: I will be keeping a close eye on the $0.86 level for potential stop-loss placement if the price fails to maintain the breakout.
---
Excited to see where this move leads! Remember to always manage your risk and trade based on your own analysis. ๐ง ๐ผ
#Crypto #SUI #USDT #Binance #Trading #CryptoAnalysis #LongPosition #Breakout
---
#CPI_BTC_Watch
#TON
#DOGSONBINANCE
#BNBChainMemecoins
#HOOKUSDT ๐ค
New Update
#HOOK/USDT
Signal Type
Long
Please Must like and Follow for more updates on Time
Reasons:
1:- As You can See in the Chart Pattern of Hook in 4h time frame that its Moving in downward channel now it will go for breakout, if breakout happened then we will see a Good pump in LRC
2:- There is strong support Hook holdingุ if hold the breakout will done now.
3:- Hook is Good coin and next Bull run it will be in flying ones.
Open Your long after breakout and retest
Targets:
1
1.1
1.2
1.3
SL
0.80
Like and share if this post is helpfull for You
#HOOK/USDT
Signal Type
Long
Please Must like and Follow for more updates on Time
Reasons:
1:- As You can See in the Chart Pattern of Hook in 4h time frame that its Moving in downward channel now it will go for breakout, if breakout happened then we will see a Good pump in LRC
2:- There is strong support Hook holdingุ if hold the breakout will done now.
3:- Hook is Good coin and next Bull run it will be in flying ones.
Open Your long after breakout and retest
Targets:
1
1.1
1.2
1.3
SL
0.80
Like and share if this post is helpfull for You