Coin Name: $SUI
Position: Long
Entry Price: 2.35
On the 1-day timeframe, SUI has broken out of a falling wedge pattern, which is a bullish signal. After a successful retest, it could be a good opportunity to open a long position. There's also potential for an inverse head and shoulders pattern to form, adding further bullish confirmation.
On the 1-day timeframe for USDT.D, I’m seeing a rejection from the upper trendline. Additionally, the RSI has broken below its support level, and the MACD is showing increasing selling pressure.
On the 1-hour timeframe of the US 10-year bond chart, I’ve noticed the formation of a CME gap. I believe the bond may move down to fill that gap, which could be a bullish signal for the crypto market.
Leverage: 3X
Targets:
1st TP 2.75
2nd TP 3.3
3rd TP 4.0
This is my personal prediction, but as we all know, the crypto market is highly volatile. If you're considering this trade, be sure to conduct your own thorough research before making any decisions.
$SUI
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