$SUI It was just rejected from the 200-day moving average at $1.40 and is now at $1.06.


This level is not random.
$1.06 is the exact peak of the consolidation range where SUI spent six weeks trapped before the breakout.
In technical analysis, old resistance becomes new support.
This is the test.
The MACD indicator is turning red in the short term. The RSI indicator is at 61 with room to fall. Trading volume dried up during the correction.
Two scenarios from here:
A daily close above $1.06 = start building the base, next target $1.27 then retest $1.40.
A daily close below $1.06 = opens the door for a trap at $0.85.
A 20% drop or a new bullish wave.
The 200-day moving average is still trending downward. SUI has not regained its position yet. This is the real line in the sand.
Most people watch the price. Those taking profits watch the level.
Which side of this trade are you on?$SUI
SUI-2.88%
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GateUser-4ad943e4
· 05-21 05:42
Good
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KHALIFADK
· 05-21 00:23
The bull market is at its peak 🐂
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Moathalmahdi
· 05-20 15:12
Do your own research (DYOR) 🤓
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Moathalmahdi
· 05-20 15:12
The 1000x atmosphere is coming 🤑
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Moathalmahdi
· 05-20 15:12
Hold tight 💪
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Moathalmahdi
· 05-20 15:12
Start with full force 🚀
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Moathalmahdi
· 05-20 15:12
The bull market is at its peak 🐂
View OriginalReply1
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