As a follow-up to our previous SUI analysis, the price has successfully tested the neckline region and broken above it, reinforcing bullish strength.
This breakout validates a potential double bottom formation, signaling a significant upward move with the projected target highlighted on the chart. The immediate buyback area offers a strong re-accumulation opportunity, while the neckline zone remains a key demand area for support.
Share your thoughts on SUI in the comments!
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Active
Note
Magnetic buy back zone, enjoy guys.
Trade active
Just as projected, this going pretty well. The newly buy back zone is a place for adding more bags.
Note
Price has successfully retested the breakout zone, now acting as an immediate buy-back area. As long as this level holds, the market structure remains intact, with the projected final setup target extending toward $12.73.
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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.