buy on weakness
SUI Rebounds with Bullish Divergence Signal Key Entry Zones
The previous setup for SUI performed very well, indicating that it is time for a new strategy. The plan involves the coin retesting the demand zone after an attack on Cetus; current positions are being accumulated, with additional buys planned if the price drops to $3-3.29. The approach is a swing trade, but for those cautious, a local stop-loss can be set slightly below $3.48. A trend reversal confirmation will occur if the price surpasses $3.61. There is also visible bullish divergence, with the price forming lower lows while the stochastic indicator forms higher lows.
P.S. Remember that SUI tends to lead growth after liquidity shifts from Bitcoin into altcoins.
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AI Analysis
The recent successful performance of SUI's previous trading setup suggests a strong foundation for the upcoming trade plan. The idea of retesting the demand zone after an attack on Cetus indicates ant...
AI Recommendation
Traders should consider initiating positions at current levels, closely monitoring the $3-3.29 zone for additional entries. The setup suggests a favorable risk-to-reward ratio if the price moves above...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.