From TradingView · · 30s
Sui: High R:R Long Setup Targeting 1.5 USD Rebound
Sui price may rebound to 1.50 USD after completing fourth descending correction.
In brief
Sui price may rebound to 1.50 USD after completing fourth descending correction. Sui cryptocurrency price could rebound to 1.50 USD following a four-wave correction pattern. Originally reported by TradingView.
Sui Completes Fourth Descending Step
Sui price completed fourth descending correction phase on 4-hour chart.
“SUI Completes Fourth Descending Step: High R:R Long Setup Targeting 1.5 USD Rebound”
Price Stabilization Below Trendline
Price stabilized below diagonal trendline with depleted selling volume confirming seller exhaustion.
“downward continuation has visibly stalled as price repeatedly prints lower wick rejections”
Targeting 1.50 USD Rebound
Primary upside target aims toward previous macro resistance ceiling at 1.50 USD with stop-loss at 0.863 USD.
“the primary upside target for this expansion impulse aims toward the previous macro resistance ceiling near 1.50 usd”
The essence
Sui cryptocurrency price could rebound to 1.50 USD following a four-wave correction pattern.
