SUIUSDT at a Turning Point—Will the Bulls or Bears Prevail?
2024-12-12
Category: None

Yello Paradisers! #SUIUSDT has been a standout performer during this bull run, delivering fantastic returns for those trading with precision and strategy. 

💎#SUIUSDT is at a critical juncture. After a strong uptrend with higher highs and higher lows, and the pair  is showing signs of a potential retracement. 

💎SUIUSDT has hit a Resistance at the 1.27 Fibonacci Zone roadblock at this level, with rejection signaling a higher probability of a retracement in the short term. The pair has probability to retraced to 0.5 Fibonacci (4.125) level,  This is a significant area where buyers are likely to step in and defend.

💎The pair also has probability to go deep into 0.618-0.66 Fibonacci (~4.00): A strong retracement zone that aligns with previous resistance-turned-support, making it an ideal candidate for the next higher low (HL).

💎Daily 50 EMA,This level aligns with the retracement zones, offering strong confluence for a bounce.200 EMA: This serves as the major support level. A close below it would invalidate the bullish trend.

💎If SUIUSDT manages to flip the 1.27 Fibonacci zone into support, the uptrend could roar back to life. In this bullish scenario, the following resistance levels will come into play: 4.81, The first level where sellers may step in.5.2-5.3: A major zone to watch for potential profit-taking.5.6-5.76: The strong resistance area that will challenge the bulls.

💎Invalidation of the bullish trend will occur if a daily candle closes below the 200 EMA or the most recent higher low. In such a case, a deeper retracement could be in play.

💎The chart is offering clear opportunities for both sides of the market, but patience is key. Waiting for confirmation around key support or resistance zones will provide the highest-probability trades.

Stick to your plan, manage your risk, and don’t let emotions drive your decisions. The next move could be a game-changer—stay sharp, Paradisers!

MyCryptoParadise
iFeel the success🌴