SUI 50% correction to $1.50 area
2025-02-11
Category: None

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