SUIUSDT is currently showing lower lows, indicating a selling trend in the market. Although it seems to have stabilized around the 2.50 level, a closer look at the price action reveals the formation of bearish long-tailed bars, suggesting potential for further declines. Given the prevailing bearish dominance, I think there is a possibility that the price may retest the support area above 2.00. I expect it to be a critical point for the market in the near future. The bearish sentiment suggests that we may look for opportunities to short the asset as it approaches this support level. My goal is support zone around 2.18Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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🌎WebSite: lingrid.org
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💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.