SUIUSDT is updating local lows after breaking through consolidation support. The market structure is weak (bearish), and the decline may continue...Bitcoin is consolidating in a symmetrical triangle. It is within a downtrend. A breakout of support will trigger a bearish rally. If the flagship of the crypto market begins to fall, altcoins may fall even lower. For SUI, within the D1 timeframe, there is potential for a fall to 1.3148 - 1.1163.
SUIUSDT has a weak market structure: a downtrend, declining highs, updating local lows, breaking through consolidation support.
If the bears keep the price below 1.4154, the altcoin's decline may continue towards the liquidity zone at 1.326
Resistance levels: 1.4154, 1.457, 1.4977
Support levels: 1.326
Bulls are not yet ready to make an effort to change the trend. The market is under selling pressure. Keeping the price below 1.4154 after breaking through the level could trigger further sell-offs towards a double bottom...
Best regards, R. Linda!
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(don't copy, click on the links!)
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: telegram.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: telegram.me/RLindaSignals
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