Zephyr7777

New Potential trend confrimation for SUI

Long
BINANCE:SUIUSDT.P   SUI / TetherUS PERPETUAL CONTRACT
Looking at the RSI it's a tad bit hard to see but for the first time in a long time we see confluence after bullish volume from the successful crossover & defense of 200SMA. Larger timeframes have the SMA in similar locations With BTC doing it's thing it's not hard to imagine this guy popping off.

Going for a spot for now, blue sky breakout mode, will take a martingale long approach if the price happens to dip. if longs happen to fill my stop should be around 1.5, until then, I'm just keeping my eyes on volume on SUI and more follow through breakout volume after the bigger caps settle down from a bullish day in the west. Have a good/night day traders.

Friends, I appreciate your boosting and comments, I still haven't really befriended anyone on here so maybe give me a follow id greatly appreciate it. Check out my other TA and comment what you think!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.