💰 #SUI: standard exit scenario of a bearish trend
Before this post, I recommend that you read the previous one about the history in the Sui chart. Make sure to see and read it.
As we can see in the daily chart, HISTORY REPEATED ITSELF ☝️. The price successfully broke out upwards from the bearish channel, driven by a bullish divergence.
There is a similar story in most of the coins in the market. All these scenarios will develop more or less in the same way. An example of a similar situation is my analysis of Renzo today.
These situations are relatively easy to predict. If you learn to detect and trade them, it can be a very good initial strategy ✍️.
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