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Suiusdt

SUI VS AtopsFriends, hello everyone! I noticed an interesting similarity between two assets - SUI and Atop. After the decline, both assets experienced approximately a 70% loss. However, if we look at APT, we can observe an intriguing pattern - it showed a decline, followed by a minor correction, a final impulse (where the best entry point was), and a 400% increase. Now, as SUI has undergone a decline, we are observing a slight correction, after which we expect a final impulse and further growth. It's fascinating to see what will happen with these assets going forward! Let's keep an eye out for updates.
by CHOWTRADE
SUIUSDT.4HHello dear friends, *Mars Signals Team wishes you high profits* This is a time frame analysis for SUIUSDT.4H We are in daily time returns. As you can see, the price is on our first support line, our second support zone can be a good area to buy, if it can become supportive after hitting our second support zone and we can see the reversal patterns, we can enter the trade for the first resistance zone. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
Long
by MarsSignals
1
SUIHello everyone! I would like to share my thoughts on the current market situation. Recently, I noticed a support zone and identified a descending wedge formation on the chart. For me, this is a positive signal as I can see that the support level has been successfully breached. I have decided to take this coin on the spot as I consider it promising. However, due to the unfavorable market conditions, it has been heavily sold off. This has had a negative impact on its price. I believe that despite the temporary difficulties, this coin has potential. Therefore, I have decided to acquire it, hoping for positive changes in the future. I will be monitoring the developments and making appropriate decisions.
Long
by Du_Trade
SUI SUIUSDT Price analysis (1h)Greetings, fellow traders! In this article, we will delve into the price analysis of SUIUSDT Consolidation and Support Level: SUIUSDT has been exhibiting a consolidation pattern in recent trading sessions, indicating a temporary pause in the market before the next price movement. During this consolidation, the price has shown respect towards a significant support level at $1.03. The repeated bounces off this level suggest that it holds strong buying interest and could potentially act as a launchpad for an upward move. Potential Rebound and Target Levels: Considering the respect shown to the $1.03 support level, it is quite likely that we may witness a rebound from this level towards the descending resistance line. With target levels at $1.08, $1.09, $1.10, and $1.11. These levels represent potential resistance areas where the price might encounter selling pressure. Risk Management and Stop Loss Order: While a rebound from the support level is anticipated, it is essential to manage risk effectively. Please remain cautious of a potential breakout below the $1.03 support level. To protect from potential losses, it is advisable to set a stop loss order at an appropriate level below the support, ensuring that any downside movement is limited. The Relative Strength Index (RSI) is currently showing a bullish divergence for SUI. It's important to note that this divergence is primarily visible on the 1-hour timeframe, which may not carry as strong of a signal as if it were observed on higher timeframes. Bullish divergence occurs when the price of an asset forms lower lows while the RSI indicator forms higher lows. This suggests a potential reversal in the downward momentum and a possible upcoming price increase. However, the strength and reliability of this signal are generally more significant when observed on longer timeframes. 📣 We would love to hear your feedback in the comments section! What are your thoughts on the analysis of SUI's bullish divergence on the 1-hour timeframe? Do you agree that it may not carry as strong of a signal compared to higher timeframes? Share your insights and experiences with us. We value your input! 🙌
by Vestinda