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SUIUSDT LONG | Range High Objective

SUIUSDT LONG | Range High Objective

The current price action is rotational within the range, it has lost the range-mid showing weakness locally, trading towards the range low should be monitored.

Bitcoin Insider
November 13, 2024 • Estimated Reading Time: 4 minutes

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Today’s report will also include:

Updated Technical Analysis
Other key market developments
Market Psychology
Trading Tools

SUIUSDT Long Trade 📈

In todays analysis -SUIUSDT- trading in a clear range, price action is at the mid-point where a rotation towards the lows is probable for a long trade.

Points to consider ✍️

VWAP S/R Support
Range Low Support
.618 Fibonacci Support
Range High Objective

The current price action is rotational within the range, it has lost the range-mid showing weakness locally, trading towards the range low should be monitored.

Range low support is in technical confluence with the VWAP S/R and the .618 Fibonacci. Bullish price action around this area will signify immediate strength and the presence of bulls

Overall, in from Bitcoin Insider’s perspective, SUIUSDT is a valid long with defined risk, price action it to be used upon discretion/ management. ✍️

Hope this analysis helps.

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