SUI is flashing a rare TD buy signal following 388% and 617% gains in the past cycles. The price has now broken a downward trendline and is aimed at hitting 2.80 with a fast accumulating bullish momentum.
Two explosive rallies were preceded by a rare technical indicator. According to Ali Charts on X, the TD Sequential has given a buy signal on the bi-weekly chart, and the two previous signals have yielded 388% and 617% returns.
Source: Ali Charts on X,
Recently, the new buy signal was revealed on the same timeframe. Prices are being closely monitored by traders. History indicates that possibly a lot of upside could be achieved.
Breakout Confirms Bullish Momentum Shift
Price action indicates that SUI has broken out of a declining daily trendline. According to Mind and Trading on X, this breakout is preceded by a very long consolidation period, which means this is a strong move with follow-through.
Source: Mind and Trading
Trading above $1.50 validates a strong bullish movement. The second important target according to technical forecasts is at 2.80. Risk management recommends having stops of less than 1.30 to protect against possible reversals.
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Technical Setup Aligns With Explosive Potential
The mixture of signals produces a powerful composition. The TD Sequential buy signal has a history of its own, and the trendline break validates the bullish premise.
Traders are gearing up to take additional profits. The critical support in the future is the level of 1.50, and there is a sustained break above the level that validates the bullish case.
There is a balanced market structure in favor of buyers. The combination of technical indicators indicates that accumulation is over, and the target price movement in the direction of 2.80 is the main emphasis of participants.
Source: https://www.livebitcoinnews.com/sui-buy-signal-sparks-600-rally-speculation/
