Track the expected path of the pair #SUIUSDT on the hourly timeframe
Reflective zone on the horizon ⚡️
After forming a bullish impulsive wave, the pair entered a relatively deep corrective movement, with expectations of retracement levels ranging between 50% and 61.8% 🔄.
🤔 The most important question now: Has the correction actually completed?
We may witness a final decline, as illustrated in the chart 📊. To confirm the validity of the bullish scenario, several key conditions must be met:
🔑 A confirmed breakout above a major resistance level.
🏹 Breakout above the upper boundary of the wedge pattern.
⚠️ A breakout below the level of 3.0719 will invalidate the bullish expectations.