🔻 SUI – Bear Flag on 4H!
The $SUI coin has formed a bear flag on the 4-hour timeframe — this may indicate a potential continuation of the decline.
📉 Current Price: 3.3972
📈 Local Flag High: 3.9609
📉 Local Flag Low: 3.2663
If the price breaks down, the classic formula suggests a possible movement:
➡️ Target: ~2.70
🟢 Alternative Scenario:
If the price breaks the upper boundary of the flag and consolidates above 3.96, this could break the bear setup and signal a reversal. In that case, movement towards new local highs is likely to begin.
⚠️ Important Reminder: Technical patterns do not provide 100% guarantees.
Always conduct your own analysis and consider risks before entering a trade.