$SUI: $2.95 must hold!

is following the broader altcoin market and entering a correction phase. As shown in the chart, has already broken through two key support levels and is now hovering just above a critical support at $2.95.

If this level fails to hold, the next major support lies within my green box at $2.20 — which could present a strong buying opportunity.

However, proper risk management is essential — make sure to place your stop losses accordingly.

DYOR (Do Your Own Research).

#SUI #Altcoins #CryptoCorrection #SupportLevels #BuyTheDip #CryptoTrading #TechnicalAnalysis #DYOR

DYOR

Trade active

is doing what we expected and we reached our buy zone. Now as explained $2.95 must hold, and the end of the week will answer to this question. I think that this week end we might see a bottom/

Trade closed: target reached

The price dropped to $2.90 as expected, found support, and was rejected from lower levels. However, I don’t believe this is the final bottom yet — another test is likely if Bitcoin faces rejection at the resistance zone around $106K.

Note

SUI bulls kept from falling below my support line. $3 is a strong support area.The market is very uncertain so it is very hard to forecast anything atm

CryptoNikkoid

Telegram: t.me/metaisland_gg
Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.

Also on:

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.

CryptoNikkoid

Telegram: t.me/metaisland_gg
Twitter X: x.com/cryptonikkoid
Web: nikkoid.com
I do not answer to private messages. Use the comment section of the idea or script, or use Telegram.

Also on: