#SUI/USDT – Bullish Triangle Breakout Confirmed | Resistance Li

#SUI

The price is moving within an ascending channel on the 1-hour timeframe and is adhering to it well. It is poised to break out strongly and retest the channel.

We have a downtrend line on the RSI indicator that is about to break and retest, which supports the upward move.

There is a key support zone in green at the price of 1.98, representing a strong support point.

We have a trend to stabilize above the 100-period moving average.

Entry price: 2.02
First target: 2.04
Second target: 2.06
Third target: 2.02

Don't forget a simple money management tip:

Place your stop-loss order below the support zone in green.

Once you reach the first target, save some money and then change your stop-loss order to an entry order.

For any questions, please leave a comment.

Thank you.