SUI / TetherUS
Long

SUIUSDT: Bullish Breakout from Rounding Bottom Formation

2 709
SUIUSDT presents a rounding bottom formation, with price action successfully breaking and closing above the neckline resistance, confirming a strong bullish continuation signal. The immediate plan is to monitor the defined Buy Back Zone for potential re-accumulation opportunities should price retrace.

SUIUSDT remain so strong


The neckline region, now converted into a key demand area, is expected to act as major support in case of any pullback. A full-scale buyback is anticipated upon any retest of this zone. Both the initial target based on the rounding bottom breakout and the final setup target have been clearly outlined.

We welcome your thoughts and feedback on this current technical outlook.
Note
Focus on the buy back zone
Note
The setup still very much in progress, focus on the BB Zone for your buy opportunity

snapshot
Note
Pay attention to the BB-zone as a strong re-accumulation area for buying opporutnity.

snapshot

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.