Friends, we will fix the profit tomorrow, but for now read the review and go to sleep, it's a hard day, bitcoin is flying!
$SUI parsing the 4h timeframe:
The price is now fluctuating around the $3.87 mark, which is the middle of the current structure. There is consolidation after an upward impulse: the market is choosing a direction.
Price movement scenarios
🟢 #bullish scenario:
Price slightly declines towards $3.8, bounces and breaks the $4.12-$4.29 zone, consolidating above.On further momentum, target $4.50.
🔴 Bearish scenario:
Price is testing the zone of 4.12-4.29$, but can't consolidate above.Reversal and formation of “M”-pattern, break down to 3.60$ and further to 3.30$.With increased volume - possible reset to 3.00$.
Price behavior in the zone of 4.12-4.29$: break up - a signal for long, pullback with deviation - a reason to short.Support in the area of 3.88$ - if held, a sharp upward shot is possible.Breach of 3.30$ will open the way to 3.00$ - a key demand zone.
Buy and Trade $SUI here