š° #SUI: standard downtrend exit scenario
Before this post, I refer you to the previous one on history on the Sui chart. Be sure to go to it and read it.
As we can see, on the daily chart, HISTORY REPEATED āļø. Price has successfully exited the bullish wedge upwards, the trigger for which was a bullish divergence.
There is a similar story on most coins on the market. All of these scenarios will work out plus or minus the same. As an example of such a situation - today my analysis of Renzo.
These situations are relatively easy to predict. If you learn to see them and trade them, it can be a very good initial strategy āļø.
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