SUI / TetherUS
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#SUI/USDT

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#SUI

The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is heading towards a breakout, with a retest of the upper boundary expected.

The Relative Strength Index (RSI) is showing a downward trend, approaching the lower boundary, and an upward bounce is anticipated.

There is a key support zone in green at 1.45, and the price has bounced from this level several times. Another bounce is expected.

The indicator is showing a trend towards consolidation above the 100-period moving average, which we are approaching, supporting the upward move.

Entry Price: 1.50
First Target: 1.52
Second Target: 1.56
Third Target: 1.60

Stop Loss: Below the green support zone.

Remember this simple thing: Money management.

For any questions, please leave a comment.

Thank you.
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First Target: 1.52 Reached
Second Target: 1.56 Reached

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