🚀 Exciting times for $SUI! 📈 Cup & Handle pattern spotted
💎 SUI has formed a Cup & Handle pattern with a bullish market structure, enhancing the likelihood of a bullish continuation.
💎 If SUIUSDT successfully breaks above the resistance level, it would validate the pattern and signal potential targets towards subsequent resistance levels.
💎 In the event of a pullback, a bounce from the bullish Order Block (OB) is anticipated, especially considering the presence of a supportive trendline, which could further bolster the rebound.
💎 However, a breakdown below the bullish OB would indicate a bearish sentiment and invalidate the pattern. In such a scenario, it's advisable to refrain from trading and wait for more favorable price action to develop.
💎 If SUIUSDT successfully breaks above the resistance level, it would validate the pattern and signal potential targets towards subsequent resistance levels.
💎 In the event of a pullback, a bounce from the bullish Order Block (OB) is anticipated, especially considering the presence of a supportive trendline, which could further bolster the rebound.
💎 However, a breakdown below the bullish OB would indicate a bearish sentiment and invalidate the pattern. In such a scenario, it's advisable to refrain from trading and wait for more favorable price action to develop.
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