SUI has lost support and has fallen below $3.55, and then failed to regain any ground above it repeatedly. The expectation is that it will hit the March 27 high of $2.82 and then possibly fall further.
Trade active
This trade is still in play...Note
Note
On the 15 minute or 1 hour time frame, you can see a Bearish Pennant forming. I expect another leg down soon.Note
As predicted, the bear pennant brought SUI down another leg to $2.80, and we see a nice bounce up, but the trend is still corrective and I don't think we will see SUI go beyone $3.03 before another leg down to the $2.72 range.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.