Technical analysis by CryptoAnalystSignal about Symbol SUI: Buy recommendation (21 hour ago)

#SUI The price is moving in a descending channel on the 1-hour timeframe and is expected to break out and continue upwards. We have a trend to stabilize above the 100-period moving average again. We have a downtrend on the RSI indicator, which supports an upward move if it breaks above it. We have a key support zone in green that pushed the price up to 1.93. Entry price: 1.96 First target: 1.97 Second target: 2.02 Third target: 2.04 For risk management, don't forget your stop-loss and capital management. The stop-loss is below the support zone in green. Upon reaching the first target, take some profit and then change your stop-loss order to an entry order. For any questions, please comment. Thank you.