This chart of SUI/USDT shows a bullish pennant pattern forming after a sharp upward move (flagpole). A descending channel marks the consolidation phase, and a breakout above this pattern indicates a continuation of the uptrend. The EMA ribbon shows support aligning with the consolidation zone, strengthening the bullish outlook. The RSI indicator is neutral at 49.41, suggesting that the market is not overbought, leaving room for potential upside movement. A confirmed breakout with increased volume could lead to a significant upward price rally, targeting a height proportional to the flagpole added to the breakout level.
Trade Details:
Entry: Around 4.43( Join my Binance live for premium crypto signals )
TP: 5.45 SL: hold
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