🚀 $SUI USDT breaks through the downward trend channel powerfully!
After a strong push from 3.30, the price broke through the downward channel with a noticeable increase in volume. Now the decision is in the hands of the market.
What are we watching?
- A hold above 3.80 pushes momentum towards 4.00 then 4.20
- A rejection at 3.80 may pressure the price to retreat to 3.55, and breaking it would bring the price back to 3.30
Trading Setup
• Buy Entry: Close of 1-hour candle above 3.80
• Targets: 4.00 and 4.20
• Stop Loss: Below 3.70
• Long Retracement: Support at 3.55 with a stop loss below 3.45, taking profits from 3.80 to 4.00
• Quick Rejection: At 3.80 take profits at 3.55, stop loss above 3.85
⚠️ Advice: After a strong breakout, wait for confirmations and price consolidation, and reduce position sizes to avoid false breakouts
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