Ali Al-Shami
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💰 SUIBTC · Early reversal signal based on candle reading — inverted hammer 🗽
$SUI
The market conditions are slowly improving at the market level. Single pairs are showing strong bullish activity today. We are witnessing really strong signals. Last month was early; this month, it is close. For many projects and trading pairs, the bullish trend is already present. Let's take a look at SUIBTC.
Last week produced an inverted candle pattern after 11 months of bearish activity, at the end of a bearish trend. There is one criterion required for this hammer to be valid, which is confirmation this week. This week started with red and now is fully green; activity is happening at the top of the candle. The inverted hammer as a reversal signal is being confirmed. Confirmation only comes after the weekly session closes, and the week is still small. A green close gives us a complete reversal signal based on the candle reading.
The market conditions are slowly improving at the market level. Single pairs are showing strong bullish activity today. We are witnessing really strong signals. Last month was early; this month, it is close. For many projects and trading pairs, the bullish trend is already present. Let's take a look at SUIBTC.
Last week produced an inverted candle pattern after 11 months of bearish activity, at the end of a bearish trend. There is one criterion required for this hammer to be valid, which is confirmation this week. This week started with red and now is fully green; activity is happening at the top of the candle. The inverted hammer as a reversal signal is being confirmed. Confirmation only comes after the weekly session closes, and the week is still small. A green close gives us a complete reversal signal based on the candle reading.
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