SU/USDT Market Review – Potential Breakout Opportunity
After the previous fake breakout around $0.99, it became evident that there wasn’t enough liquidity in the market to sustain a breakout of that magnitude. This aligns with the broader macroeconomic landscape, where U.S. money printers have yet to fully engage, limiting the influx of fresh capital into assets like crypto.
Now, we are witnessing the formation of a new breakout structure, presenting an attractive buying opportunity at a discounted price level. Historical price action suggests that similar setups have preceded significant upward movements. Given the current market conditions and the cyclical nature of liquidity flows, this could be an optimal entry point before the next leg up.
Traders should keep an eye on volume expansion and market sentiment to confirm the strength of this potential breakout. If liquidity injections increase, we could see a strong rally, potentially breaking previous resistance levels and entering a new price discovery phase.
Key Levels to Watch:
Support: Current price zone as a potential accumulation area
Resistance: Breakout level near previous highs (~$0.99 and beyond)
Liquidity influx: A key factor for sustained momentum
As always, risk management is essential—while the setup looks promising, market conditions can shift rapidly.
After the previous fake breakout around $0.99, it became evident that there wasn’t enough liquidity in the market to sustain a breakout of that magnitude. This aligns with the broader macroeconomic landscape, where U.S. money printers have yet to fully engage, limiting the influx of fresh capital into assets like crypto.
Now, we are witnessing the formation of a new breakout structure, presenting an attractive buying opportunity at a discounted price level. Historical price action suggests that similar setups have preceded significant upward movements. Given the current market conditions and the cyclical nature of liquidity flows, this could be an optimal entry point before the next leg up.
Traders should keep an eye on volume expansion and market sentiment to confirm the strength of this potential breakout. If liquidity injections increase, we could see a strong rally, potentially breaking previous resistance levels and entering a new price discovery phase.
Key Levels to Watch:
Support: Current price zone as a potential accumulation area
Resistance: Breakout level near previous highs (~$0.99 and beyond)
Liquidity influx: A key factor for sustained momentum
As always, risk management is essential—while the setup looks promising, market conditions can shift rapidly.
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.
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.