$SUN — Breakout Par Excellence 🚀
This chart brings the sun (pun intended).
Unfortunately, SUN hasn't been on my watchlist. Still wanted to share the chart because it perfectly shows what can happen after a breakout from the long-term downtrend.
SUN's chart is similar to many other tokens.
• Peaked in March
• Constant downtrend since then
• A couple of attempts to break out - all unsuccessful
Then, all of a sudden:
• Volume kicks in
• Break out
• Re-test on the daily chart
• And off we go!
That's exactly the pattern we have to look for. I am convinced that, as long as Bitcoin doesn't go south, we will find a couple of these setups in the next few weeks.
Ready?
