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New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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#SUI 2-Hour Chart – Falling Wedge Breakout Incoming 🫣
A falling wedge on the #SUI 2-hour chart, a bullish pattern that often signals a trend reversal or breakout! The price has been consolidating within the wedge, squeezing tighter, and is now testing a key breakout level.
💡 What This Means:
🔹 Falling wedges typically break upwards 📈, indicating potential bullish momentum.
🔹 A confirmed breakout above resistance could lead to strong upside continuation.
🔹 However, a rejection here might result in a retest of lower support zones.
🔥 Key Levels to Watch:
📌 Resistance: ~$2.35 - 2.4 – Breakout here could send price flying!
📌 Support: ~$2.20 – Holding above this is crucial for bullish confirmation.
⚡ Trading Plan:
✅ Bulls: Look for a breakout retest with strong volume for confirmation.
✅ Bears: A rejection at resistance might give shorting opportunities back to support.
🚀 Risk management is key – big move ahead!