SUI / TetherUS
Short
Aktualisiert

#SUI/USDT RSI Exhaustion and Bearish Pullback Setup

210
#SUI

The price is moving in an ascending channel on the 1-hour timeframe. It has reached the upper limit and is heading towards breaking it. A retest of the upper limit is expected.

We have an upward trend on the RSI indicator, which has reached near the upper limit. A downward reversal is expected.

There is a key support zone in green at the 2.00 price level. The price has bounced from this level multiple times and is expected to bounce from it again.

We have a trend of consolidation above the 100-period moving average, as we are moving close to it. This supports a downward move towards touching this level.

Entry price: 1.96
First target: 1.95
Second target: 1.90
Third target: 1.84

Stop loss: Above the resistance zone in green.

Don't forget a simple thing: money management.

For inquiries, please leave a comment.

Thank you.
Trade geschlossen: Ziel wurde erreicht
Snapshot
#SUI
First target: 1.95 Reached
Second target: 1.90 Reached
Third target: 1.84 Reached

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