After a drop from 2.4 resistance levels, and some sideways during uncertainty and a boring weekend of mostly nothing, we are finally seeing a minor breakout from 
SUIUSD SUIUSD rising past 2.5 and hitting a high of 2.6537 before pulling back to around 2.57 in the last hours.
Sui ecosystem itself is thriving, including a booming NFT economy, so it is easy to see the multiple uses which drive real world demand to buy, spend, and invest in Sui.
The real issue is will performance continue? Or is this early week pump turn out to be anomaly that sinks back to downward sideways market. Its looking very bullish right now, but it would be even better to see uptrend continue with more solid days of gains.
The continued price action will provide opportunities for the trader to leverage both long and short positions to their advantage based on dynamic market strategy adjustment & close trend monitoring.
In particular I find much use in the Premium / Discount Zones indicator, as the gains typically bounce off the premium zone. When the trend is strong, it will visibly nudge up the premium zone and help you adjust your positions or rebalance your strategy per your set trading timeframe. Scalpers will appreciate use on 3/5 and 15m timeframes.
The BB Squeeze indicator is of great value here, signaling change in trend direction or breakout. It does not indicate trend direction, only that "something" is likely to happen in the next few bars.
The Ichimoku levels often align with the Premium Zone -- either NT (more conservative target) or N level (typically higher than NT). When price is above the Ichimoku cloud (kumo), this is positive confirmation of continued uptrend. Long above cloud, short below.
Good luck trading and always do your own research.
Stay tuned on the Sui market
SUIUSD SUIUSD rising past 2.5 and hitting a high of 2.6537 before pulling back to around 2.57 in the last hours. Sui ecosystem itself is thriving, including a booming NFT economy, so it is easy to see the multiple uses which drive real world demand to buy, spend, and invest in Sui.
The real issue is will performance continue? Or is this early week pump turn out to be anomaly that sinks back to downward sideways market. Its looking very bullish right now, but it would be even better to see uptrend continue with more solid days of gains.
The continued price action will provide opportunities for the trader to leverage both long and short positions to their advantage based on dynamic market strategy adjustment & close trend monitoring.
In particular I find much use in the Premium / Discount Zones indicator, as the gains typically bounce off the premium zone. When the trend is strong, it will visibly nudge up the premium zone and help you adjust your positions or rebalance your strategy per your set trading timeframe. Scalpers will appreciate use on 3/5 and 15m timeframes.
The BB Squeeze indicator is of great value here, signaling change in trend direction or breakout. It does not indicate trend direction, only that "something" is likely to happen in the next few bars.
The Ichimoku levels often align with the Premium Zone -- either NT (more conservative target) or N level (typically higher than NT). When price is above the Ichimoku cloud (kumo), this is positive confirmation of continued uptrend. Long above cloud, short below.
Good luck trading and always do your own research.
Stay tuned on the Sui market
Any opinion, analysis, or other information contained in these posts and reports is provided as general commentary on the market and for educational purposes only. Past performance does not guarantee future performance.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Any opinion, analysis, or other information contained in these posts and reports is provided as general commentary on the market and for educational purposes only. Past performance does not guarantee future performance.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.