Sui looks great right now. This is a pair that I am approaching with leverage considering only a relatively small range, a 180% target. When multiplied by your number of leverage you can get an idea of the total profits potential. For example, 8X would be equal to 1440% while 4X gives 720%.
Technical analysis
How do we know the correction is over? We don’t. We never do, but we always make an educated guess.
The higher low found support at 0.786 Fib. retracement relative to the initial breakout. Support is always found at one of these fib. levels with the 0.786 being the lowest on a bullish bias. When prices go as low as 0.786 a resumption of the bullish move is high probability. This can always be supported by additional signals of course.
Additional signals
Bitcoin is strongly bullish above $106,000 on a daily basis. The altcoins market tends to grow when Bitcoin consolidates at high prices.
The altcoins that moved first all remain bullish rather than producing a major crash. This means that the bullish cycle is on or else those that move strongly revert as soon as resistance is found. When a pair finds resistance and after a few days continues to challenge it, this is super bullish. This is what I am seeing on the pairs that I am tracking, and we are only concerned with the pairs we track because there are thousands of trading pairs and everything is always possible. Opportunities are endless.
Drawings vs numbers
The drawings and technical analysis are for learning and entertainment. The numbers, chart setup, entry and timing are the opportunity.
You can use one, you can use both. Whatever you do, is up to you.
Please keep in mind that there is always risk involved, especially when using leverage.
Do your own research and planning. Accept your mistakes, learn from these mistakes and success is guaranteed. When life hits you hard, stand up and try again. These are only lessons that will help us improve our game.
Challenges build resilience and character. Bring them all…
I am ready for battle, I am ready for profits, I am ready for success.
Thank you for reading.
Namaste.
