AMANDA BELLA
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$SUI
Analysis of #SUI on the 4-hour timeframe:
The price is currently oscillating around the $4.06 level, which is the midpoint of the current structure. There is stability after an upward wave: the market is choosing a direction.
Price Movement Scenarios
🟢 Bullish Scenario:
The price dips slightly to $3.88, then rebounds and breaks through the $4.12-$4.29 area, holding above it. In the event of another downward wave, the target is $4.50.
🔴 Bearish Scenario:
The price tests the $4.12-$4.29 area but fails to stabilize above it. A reversal occurs forming an 'M' pattern, leading to a downward collapse to $3.60, then to $3.30. With increased trading volume, it is likely to reset to $3.00.
Price behavior in the $4.12-$4.29 area: a break is a buy signal, a pullback with divergence is a reason to sell. Support at the $3.88 area - if held, a sharp rise is possible. A breach of $3.30 will open the way to $3.00 - the main demand area.
Analysis of #SUI on the 4-hour timeframe:
The price is currently oscillating around the $4.06 level, which is the midpoint of the current structure. There is stability after an upward wave: the market is choosing a direction.
Price Movement Scenarios
🟢 Bullish Scenario:
The price dips slightly to $3.88, then rebounds and breaks through the $4.12-$4.29 area, holding above it. In the event of another downward wave, the target is $4.50.
🔴 Bearish Scenario:
The price tests the $4.12-$4.29 area but fails to stabilize above it. A reversal occurs forming an 'M' pattern, leading to a downward collapse to $3.60, then to $3.30. With increased trading volume, it is likely to reset to $3.00.
Price behavior in the $4.12-$4.29 area: a break is a buy signal, a pullback with divergence is a reason to sell. Support at the $3.88 area - if held, a sharp rise is possible. A breach of $3.30 will open the way to $3.00 - the main demand area.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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