Here is the 4-hour live chart for currency $SUI from TradingView, showing a symmetrical triangle pattern and a recent breakout upwards supported by strong trading volume 🌕 – a bullish technical signal.
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🔍 Reading the chart and its key features
Breakout from the triangle: The upper resistance line of the symmetrical triangle has been broken, a pattern that enhances the likelihood of a continued upward movement with additional momentum.
Trading volume: The breakout saw trading above average, supporting the validity of the upward move.
Potential target points based on Fibonacci ratios:
Level 1 ~ $5.32 (+27%)
Level 2 ~ $6.53 (+47%)
Level 3 ~ $7.60 (+75%)
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📊 Other technical indicators
RSI: With values ranging from 56–64 daily, showing a slight upward bias without entering explicit overbought territory.
MACD: Shows a bullish crossover with a slight positive histogram, indicating the beginnings of buying momentum but not strong yet.
🎯 Current technical recommendations
Side Current Status Recommendation
Market Trend Moderately bullish, approaching target testing Follow until correction is seen
Entry Point After surpassing $4.10–4.20 and stabilizing above the resistance New points upon retesting
Stop Loss Below the triangle breakout (~$3.80–4.00) Flexible stop to protect capital
✅ Summary
The live chart shows a clear rebound: breakout of an ascending triangle, emergence of buying momentum, and supported by trading volume.
For traders: This could be a good opportunity to enter upon confirming the breakout with a stop below the triangle support.