SUNUSDT trade ideas
Great triangle⚖️Still hungry, wolves?🔥
Then take it and trade it!
Ascending triangle formation on SUN/USDT.
There was a bullish sentiment before, so it may be a signal of movement continuation.
According to Elliott Waves theory Wave C is done and the price is heading to Wave D.
Follow the chart and look for the breakout carefully.
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And always remember: "we don't predict, we react".
Great opportunity for SUN/USDTAll technical indicators are in favor of this buy signal!
First, the price has broken the support level of the Bollinger band, and the price is now in the green zone.
You can see that the MACD is in the positive area, which is a buy signal.
I also personally think that the indicators of the Williams R & the Stochastic RSI are in favor of a buy signal!
Also, SUN is now being adopted by more and more of the merchants.
The big picture, as shown in the image above, is that you can see that the price is between the support lines of the 50 and 200 EMA, which are about $ 0.07 and $ 0.08 respectively. Which means that you should not worry about the price going down.
✳️SUN/USDT Analysis (5/1) #SUN $SUNCurrently, there is buying pressure in 6$ zone and the selling pressure has decreased so I think SUN will bounce back to 9$ zone in the next few days.
However, 9$ zone is very strong and there is currently some bad news for TRX and Poloniex when being investigated by the US government, so it is likely that SUN will also be affected and the most important thing when trading with SUN is necessary to set a stop loss to ensure safety against a strong dump
📈BUY
-Buy: 6-6.5$. SL if B
📉SELL
-Sell: 9-9.5$ if B. SL if A
♻️BACK-UP
-Buy: 9-9.5$ if A. SL if B
-Sell: 11.5-12$. SL if A
-Sell: 6-6.5$ if B. SL if A
-Buy: 4-4.5$. SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"