SUI → The coin is coming out of an uptrend. Capitulation? for BINANCE:SUIUSDT.P by RLinda

SUI → The coin is coming out of an uptrend. Capitulation?

6 days ago

is breaking the bullish structure and testing a trigger that could trigger a strong fall. Yesterday's speech by President Trump Disappointed the cryptocurrency community. The main question is whether a correction is possible?

A correction is possible and there are several reasons for that: bitcoin is making a false breakout and generally hinting at a possible price correction after Trump's post-inauguration speech yesterday, where not a word was said about cryptocurrency. Some felt cheated. But, in this context, actions are important, if Trump moves to fulfill his promises, we may have a bullish driver.
At the moment, technically, the price is leaving the uptrend and testing the 4.250 trigger. It is a strong enough level, a break of which could make the bulls panic, which could lead to capitulation and price decline.

Resistance levels: 4.489, 4.84, 5.12
Support levels: 4.25, 4.00

A retest of the resistance or the previously broken channel boundary is possible, but a break below 4.25 may trigger a fall. A pre-breakdown consolidation is forming around this level. Watch the coin!

Regards R. Linda!

2 days ago

Trade active

As part of the retest of the previously broken trend boundary, the price forms a false breakout and begins to realize the impulse

RLinda

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