#analysis
The price is moving in a bearish parallel channel, but it's now testing a minor support level. If this support holds, we could see a nice bounce back up toward the upper trendline resistance.
What to Watch For:
✅ Bullish Reversal Signals: Hammer, engulfing pattern, or RSI bouncing from oversold.
✅ Volume Increase: Higher buying volume confirms strength.
If Support Holds:
- Entry: Near support with confirmation.
- Target: Upper channel resistance.
- Stop Loss: Just below support.
If Support Breaks:
-More downside likely—avoid longs.
Short & simple—wait for confirmation before trading! 🚀
SUI
2.0825
-5.01%
BTC
104,990.06
-0.86%
SOL
163.35
-2.60%