suitable
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SUI Technical Analysis
Price has returned to a major horizontal support zone around 1.28–1.30 that previously acted as a base for multiple bounces. The current move shows a strong bearish leg into this level, indicating sellers are in control but also bringing price into a high-reaction area.
RSI is below 30, suggesting oversold conditions. This increases the probability of a short-term bounce, but does not by itself confirm a reversal.
Key levels:
Support: 1.25–1.30. A daily close below this zone would signal a breakdown and could lead to continuation toward ~1.10–1.15.
Resistance: 1.45 first, then 1.70–1.80 where the last major lower high formed.
@Sui $SUI #Suitable
#sui
Price has returned to a major horizontal support zone around 1.28–1.30 that previously acted as a base for multiple bounces. The current move shows a strong bearish leg into this level, indicating sellers are in control but also bringing price into a high-reaction area.
RSI is below 30, suggesting oversold conditions. This increases the probability of a short-term bounce, but does not by itself confirm a reversal.
Key levels:
Support: 1.25–1.30. A daily close below this zone would signal a breakdown and could lead to continuation toward ~1.10–1.15.
Resistance: 1.45 first, then 1.70–1.80 where the last major lower high formed.
@Sui $SUI #Suitable
#sui
$OM & $LAYER Position is much better now.
But #Not #Suitable for early investment.
Keep an eye on both and watch consistently their graphical views and Trade Trustees quantity and percentages.
#MostRecentTrade
#TradeStories
But #Not #Suitable for early investment.
Keep an eye on both and watch consistently their graphical views and Trade Trustees quantity and percentages.
#MostRecentTrade
#TradeStories
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