SUI appears to have completed a wave 2 pullback at the 'alt-coin' golden pocket Fibonacci retracement 0.786.Price tested the S2 daily pivot as support, which adds confluence to the .786 Fib. A bullish engulfing candle followed, negating the previous 3 days price action but price still has to overcome resistance.
A sustained breakout above the descending orange trend line and major resistance will be a queue to go long.
Analysis is invalidated below $2.28.
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