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Let's examine the latest situation of the falling trend after the pinpoint price movement to the SL region after the $SUI lock opening. After the downtrend breakout, the TP1 target arrived. But unfortunately there was no candle closing on it. Let's remember what the masters used to say: "The candle that does not close is not included in the technical analysis." Naturally, selling pressure came from this resistance and retreated to the support zone, then it met with the buyer in this zone and touched the TP1 target again. What is noteworthy is that I think the upward price movement, both in this negative atmosphere and after such a lock opening, is very positive.
LIVETrader-İCe
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$SUI 3 On March 3, 34.62 million SUIs worth $57 million were unlocked, which was 2.81 percent of the circulating supply. The price fell approximately 25% from $1.62 to $1.21 after the unlock on March 3. It then recovered and reached a new ATH level of $2.18, with an increase of 83%. It seems that the lock opening created a shaking effect in Sui, causing panickers to sell, and then it recovered and reached a new record level. Now, we are following a falling trend with 7 contacts in Sui because it is close to the current support zone. We follow TP targets as long as the 4s candle closes below the support zones. Frankly, there is no reason why there shouldn't be a new ATH (;
#Binance #Bitcoin #btc #sui #SUİ
#Binance #Bitcoin #btc #sui #SUİ
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