$SUI - Inverse Head and Shoulders Formation

Price Action Update:
Current Price: $4.16

The $SUI/USDT pair is forming an inverse head and shoulders pattern, a classic bullish reversal setup. The price is currently retesting the neckline area.

Key Levels:

Entry Zone for Long Position: $4.13 - $4.20
Next Target (TP): $4.45 - $4.60
Stop Loss: $4.05

Observation:
The neckline breakout will be a strong confirmation of bullish momentum, with potential for a sharp move toward $4.60. Monitor volume for validation of the breakout.

Trading Tip:

Enter cautiously near the neckline and consider scaling into the position as the breakout gains strength. Partial profit-taking near $4.45 is advisable to mitigate risk.

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