Stoic-Trader

SUI - Flat Correction for Wave 4

Short
BINANCE:SUIUSDT   SUI / TetherUS

The downtrend should continue for a retest of 0.4185 low (yellow line). Key arguments:

  • There is no RSI divergence on Sept. 11th low.
  • There is a valid impulsive count for the downtrend (wave 4 respecting wave 1 -> purple line)
  • Conditions are in place to consider a flat correction is finished (green abc).

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