Lingrid | SUIUSDT potential Trend REVERSAL. Long from SUPPORT
2025-01-30
Category: None

BYBIT:SUIUSDT  market retraced to the support level before rebounding, having taken liquidity from below the psychological level of 4.00. This move was also accompanied by a fake breakout of the previous week's low, indicating a potential reversal in sentiment. On the daily timeframe, a clear long-tailed bar formed at the support level, signaling rejection and a bullish sign. Looking left, we can see that the price has bounced off this support level twice before highlighting it as an area of interest. I anticipate that the price will continue to rise from this area. My goal is resistance zone around 4.60


 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻