$SUI on 4-hour chart with a symmetrical triangle pattern. Here is a brief analysis:
1. Resistance and support:
Resistance: Downward trend line at around $3.94.
Support: Upward trend line at around $2.81.
2. Price action:
• Current price ($3.44) is hovering near the midpoint of the triangle.
Relatively high 24-hour volume, indicating market momentum.
3. Potential scenarios:
• Upward breakout: If price breaks above $3.94 with high volume, next price target could be towards $4.02 - $4.10 area.
• Downward breakout: If price breaks below $2.81, downside target could be $2.60.
4. Recommendations:
• Wait for a clear signal when price breaks out of the triangle before entering.