Lingrid | SUIUSDT contraction EXPANSION pattern. Long
2024-11-27

BYBIT:SUIUSDT  pulled back to the support level at 3.00, then bounced back by taking liquidity below last week's low. Additionally, the market formed a descending triangle pattern characterized by lower highs, indicating a price squeeze. Recently, the market broke the downward trendline, and I believe the price may rise further if it closes above this trendline. I expect the price to continue moving higher, as we are seeing a contraction-expansion price action pattern. My goal is resistance zone around 3.8300


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