$SUI Head & Shoulders Reversal in Progress? ๐
$SUI is showing signs of a classic inverse Head & Shoulders pattern on the 1H chart, suggesting a potential bullish reversal after recent consolidation. The neckline has been tested multiple times near the $3.89 mark, and a breakout above could confirm bullish continuation. Volume has also picked up, supporting the bullish case.
If the breakout holds, we could see price pushing toward the $4.29 zone. However, a drop below the $3.80 support could invalidate this pattern and send price back toward the $3.75 region. Keep an eye on structure and volume confirmation before entering aggressively.
Trade Setup:
Entry: $3.88 โ $3.90
TP1: $4.00
TP2: $4.15
TP3: $4.29
SL: $3.75
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