🔻 Current Situation: expect a breakout in either direction.
🔻 Priority Target: $1.2 is the initial goal. The situation will need reassessment after that level.
🔻 Trend Break Point: A reversal pattern will be confirmed with price holding above $1.2 after a retest. Ideally, the price shouldn’t fall below $1 afterward.
🔻 Support Levels: In case of a downside breakout, the nearest support is $0.5 - $0.56.
🔻 Fundamentals: Strong downward pressure due to token unlocks. Large FDV market cap, weak ecosystem. However, there’s positive news emerging around #Grayscale, #SuiPlay0x1, offline transactions, etc.
🟢 Green zone = buying opportunities. 🔴 Red zone = selling or profit-taking zones. Watch for setups and price action in these key areas.
🔻 Priority Target: $1.2 is the initial goal. The situation will need reassessment after that level.
🔻 Trend Break Point: A reversal pattern will be confirmed with price holding above $1.2 after a retest. Ideally, the price shouldn’t fall below $1 afterward.
🔻 Support Levels: In case of a downside breakout, the nearest support is $0.5 - $0.56.
🔻 Fundamentals: Strong downward pressure due to token unlocks. Large FDV market cap, weak ecosystem. However, there’s positive news emerging around #Grayscale, #SuiPlay0x1, offline transactions, etc.
🟢 Green zone = buying opportunities. 🔴 Red zone = selling or profit-taking zones. Watch for setups and price action in these key areas.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.