SUI Eyes Upside Breakout: BULLISH Wedge spotted! 🚀🔥
#SUI appears poised for a breakout after a bullish falling wedge pattern emerged. The price action recently broke above the wedge's resistance, hinting at a potential trend reversal.
Here's the play:⚡
Support: $1.05-$1.08. A retest of this zone could be a good entry point for a long position for.$SUI .
Target: $1.37-$1.43. This is the resistance area we're eyeing for potential gains.🚀
Why this trade idea?🤔
Falling wedges are generally considered #bullish continuation patterns. The converging wedge indicates diminishing selling pressure, and the breakout suggests buyers are taking control.
