SUIUSDT Critical Levels to Watch as Price Tests Supply!Yello, Paradisers! Are we on the verge of a major move for #SUIUSDT? Let's dive into the key levels and potential scenarios to watch out for.
💎The price recently bounced off a strong demand area, closing with a green daily candle, signaling a possible reversal. Currently, #SUI is testing the supply area around $0.76 but is facing rejection. This suggests that the price may revisit the support level at $0.697 to build momentum for another attempt to break through the supply area.
💎If a successful breakout of the supply area occurs, this could create a strong bullish momentum, pushing the price towards the next resistance zone between $0.89 and $0.92. A decisive break above this resistance could solidify the bullish trend and align with our target area.
💎However, if SUI fails to hold at the support level and breaks down, the price is likely to revisit the strong demand zone between $0.61 and $0.559. This area is crucial for maintaining bullish prospects.
💎A bounce from this demand zone is essential; failure to do so and a subsequent break below this level would invalidate the bullish outlook, increasing the probability of a further downward move.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
