SUI has just broken above its range, shifting the short-term structure in favor of the bulls.
After such a strong breakout, chasing the move is not the priority. The more interesting scenario would be a correction back toward the blue structure, which previously acted as the upper bound of the range.
As long as this structure holds as support, we will be looking for buy setups to catch the next bullish impulse movement.
A clean rejection from this area could provide the confirmation we need.
📌 Breakout first. Retest second. Impulse next?
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always manage your risk and wait for proper confirmation before entering a trade.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
After such a strong breakout, chasing the move is not the priority. The more interesting scenario would be a correction back toward the blue structure, which previously acted as the upper bound of the range.
As long as this structure holds as support, we will be looking for buy setups to catch the next bullish impulse movement.
A clean rejection from this area could provide the confirmation we need.
📌 Breakout first. Retest second. Impulse next?
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always manage your risk and wait for proper confirmation before entering a trade.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
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