SUI / TetherUS
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#SUIUSDT – Bullish Triangle Breakout Confirmed | Resistance

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#SUI

The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary.

The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions.

A key support zone has been identified in green at 0.6820. The price has bounced off this zone several times, making it a strong support level.

The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.

Entry Price: 0.7082
First Target: 0.7142
Second Target: 0.7237
Third Target: 0.7366

You can close at the second target or wait for the third target to be reached. The choice is yours.
Stop Loss: At the resistance zone in green.

Remember this simple rule: Money Management.

Any questions? Please leave a comment.

Thank you.
トレード稼働中
スナップショット

#SUI
First Target: 0.7142 Reached
Second Target: 0.7237 Reached

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