SUI looks Bearish (12H)
2024-12-26
Category: None

It seems that SUI is completing a large structure.

A diametric pattern appears to be forming at the end of wave G.

By maintaining the red descending trendline, it could drop toward the two specified TP levels marked on the chart.

Note that TP 1 is a strong support level.

A daily candle closing below the invalidation level will invalidate this analysis.

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You