SUI 50% correction to $1.50 area

11 thg 2

On the above 3 day chart price action has moved up 700% since last August. A number of reasons now exist for a reversal, they include:

1) Broken market structure.

2) Price action and RSI support breakouts.

3) A reliable bearish crossover.

4) No support levels until 1.90. A strike of 1.50 is probable.

5) "Short" active from $4.05 area.

Is it possible price action continues printing higher highs? Sure.

Is it probable? No.

Ww

21 thg 2

Giao dịch đang hoạt động

24 thg 2

Ghi chú

Just another $1.30 until target.
Seems the bulls can't capitulate fast enough.. will they also be ones filling long orders below? 100%

4 thg 4

Ghi chú

Down 45% so far since publishing (red circle), another 20% at least to go...

14 thg 7

Đóng lệnh: đạt mục tiêu

bounced off 1.77

I've noticed a great many folks have turned quite bullish on this token. That's a mistake. Can you tell why?

Clue: A recent post on ICP token!