SUNUSDT 1h - CORRECTION A-B-C Update
In 1h, SUN has broken the support of the 200 EMA, so it is now easier for it to reach the target of 0.024 / 0.028.
We have a liquidity zone at 0.028 that could act as support, so it is a good time to make partial purchases. As long as it does not break the downward trend, we are still in the process of an A-B-C correction corresponding to the 0.50% - 0.61% zone of the previous big rise.
In 1h, SUN has broken the support of the 200 EMA, so it is now easier for it to reach the target of 0.024 / 0.028.
We have a liquidity zone at 0.028 that could act as support, so it is a good time to make partial purchases. As long as it does not break the downward trend, we are still in the process of an A-B-C correction corresponding to the 0.50% - 0.61% zone of the previous big rise.
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Related publications
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.