Technical analysis by AdaFiy about Symbol SUN: Buy recommendation (4/15/2024)

SUNUSDT There is a nice flag formation on the daily charts. But we cannot speak very clearly under the current market conditions. The flag formation can work as long as it remains above Weekly Support. 1- It should not close below the weekly support level of 0.012789. 2- In the first stage, it should be followed above the resistance area around 0.0.1550 and then with the weekly resistance level of 0.0159962. 3- The flag formation target can be determined from two different points; the first target is 0.20133 and the second target is 0.024. 4- The formation is broken in strong closings under weekly support. 5- #BTC and BTC It should be monitored with Dominance. Also, attention should be paid to the news flow. Good luck!