SUIUSDT has been displaying a rising channel pattern since mid-June. However, there are some indications that the momentum is weakening, as observed from the MACD histogram chart.
We should exercise caution as there is a possibility of the price breaking below the support of the rising channel.
Key Support Levels:
0.76
0.71
It is important to be extra careful if you are currently holding SUI.
Despite the potential downside risk, let's explore the levels that could be reached during the movement inside the channel.
There are a few Key Resistance levels to watch:
0.92
0.98
1.03
1.08
Monitor the price action closely and stay vigilant. Remember to manage your risk accordingly.
Happy trading, and may the markets be on your side!
We should exercise caution as there is a possibility of the price breaking below the support of the rising channel.
Key Support Levels:
0.76
0.71
It is important to be extra careful if you are currently holding SUI.
Despite the potential downside risk, let's explore the levels that could be reached during the movement inside the channel.
There are a few Key Resistance levels to watch:
0.92
0.98
1.03
1.08
Monitor the price action closely and stay vigilant. Remember to manage your risk accordingly.
Happy trading, and may the markets be on your side!
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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.
💡 Elevate Your Trading Game! Join Vestinda's Vibrant Discord Community💬
📈 Discover insights, share strategies, and connect with fellow traders. Click to join: bit.ly/3rmVr9b 💜💜💜
📈 Discover insights, share strategies, and connect with fellow traders. Click to join: bit.ly/3rmVr9b 💜💜💜
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.