Two peaks at the same level followed by a breakdown of the neckline. 📍 Entry: Below neckline 📉 Target: Height of the pattern 🛑 Stop: Above the second top
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🔻 2. Head and Shoulders – Bearish Reversal
A large peak (head) between two smaller peaks (shoulders), breaking below the neckline. 📍 Entry: Break of neckline 📉 Target: From head to neckline 🛑 Stop: Above right shoulder
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🔻 3. Rising Wedge – Bearish Continuation
Price tightens in an upward slope—often a setup for a breakdown. 📍 Entry: After breaking down the wedge 📉 Target: Start of the wedge 🛑 Stop: Just above the upper wedge line
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🔺 4. Double Bottom – Bullish Reversal
Two bottoms forming a “W” pattern, followed by a neckline breakout. 📍 Entry: On neckline breakout 📈 Target: Same height as the bottom-to-neckline 🛑 Stop: Below the second bottom
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🔺 5. Inverse Head and Shoulders – Bullish Reversal
A large dip (head) between two smaller dips (shoulders) signaling upside breakout. 📍 Entry: Break above neckline 📈 Target: Neckline to bottom of head 🛑 Stop: Below right shoulder
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🔺 6. Falling Wedge – Bullish Continuation
Price contracts downward between two converging lines—usually leads to a breakout. 📍 Entry: On breakout 📈 Target: From wedge base 🛑 Stop: Below wedge support
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💡 Pro Tips:
Combine chart patterns with volume, RSI, or moving averages for stronger confirmation. 🎯 Master these patterns. Trade with confidence. If you find the post helpful then please follow like and comment on it thankyou❤️
SUI is trading at $2.9005 (+0.08%), moving in a tight range between $2.8668 (24h low) and $2.9580 (24h high). Despite muted movement, volume remains strong at 17.82M SUI / $51.78M USDT, indicating sustained interest. This could be a base formation before a push toward key psychological levels like $3.00 and beyond.
📊 Trade Setup
Entry Zone: $2.88 – $2.91
Take Profit 1 (TP1): $2.96
Take Profit 2 (TP2): $3.02
Take Profit 3 (TP3): $3.11
Stop Loss (SL): $2.84
🧠 Strategy Insights:
Compression Zone: SUI is hovering just below the $2.96 resistance. A clean breakout from this zone with volume could trigger momentum plays.
Volume Strength: High USDT volume hints that large players are active, despite the small daily % change.
Risk Management: Shift SL to breakeven once TP1 is hit to reduce exposure.
🔔 Watch for: A 4H candle close above $2.96 with volume—this could confirm breakout energy toward the $3.00–$3.10 range. #MuskAmericaParty #NFPWatch #SaylorBTCPurchase #Write2Earn! #SUİ
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is now trading near the lower border of a descending triangle formation on the daily timeframe 🧐
This area is crucial for accumulation before a possible breakout or breakdown. ✈️
📌 Pattern: Descending Triangle (Bearish Bias) 📉 Current Action: Price is sitting on key triangle support 💰 Opportunity: High-reward zone for patient accumulation 📅 Timeframe: Daily (1D)
If bulls step in and defend this level — we could see a strong bounce from here. But caution is still advised! ⚠️
📍 Accumulation Zone Activated 💎✊ Watch closely — the next big move could start here!