SUI is following the broader altcoin market and entering a correction phase. As shown in the chart, SUI has already broken through two key support levels and is now hovering just above a critical support at $2.95.If this level fails to hold, the next major support lies within my green box at $2.20 — which could present a strong buying opportunity.
However, proper risk management is essential — make sure to place your stop losses accordingly.
DYOR (Do Your Own Research).
#SUI #Altcoins #CryptoCorrection #SupportLevels #BuyTheDip #CryptoTrading #TechnicalAnalysis #DYOR
DYOR
Trade attivo
SUI is doing what we expected and we reached our buy zone. Now as explained $2.95 must hold, and the end of the week will answer to this question. I think that this week end we might see a bottom/Trade chiuso: obiettivo raggiunto
The price dropped to $2.90 as expected, found support, and was rejected from lower levels. However, I don’t believe this is the final bottom yet — another test is likely if Bitcoin faces rejection at the resistance zone around $106K.Nota
SUI bulls kept SUI from falling below my support line. $3 is a strong support area.The market is very uncertain so it is very hard to forecast anything atm
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.