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Bitcoinsensus

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SUI Price Prediction: Key Supply and Demand Levels Hit

  • SUI price respected both supply and demand zones mapped weeks ago.
  • Current H4 price action suggests a short-term pullback is likely.
  • Imbalance left below could act as a magnet if supply zones trigger a reaction.
  • Understanding supply, demand, and imbalance is essential to trading as they indicate potential market moves.
  • A supply zone indicates selling pressure, while a demand zone shows strong buying activity in the past.
  • Imbalance areas can act as magnets for price due to fast market movements.
  • SUI respected the daily supply zone and moved to the daily demand zone as predicted previously.
  • Price on the 4-hour chart suggests potential reactions at key supply zones.
  • Emotional trading can lead to impulsive decisions based on price movements.
  • Risk management is crucial in trading to ensure survival in unpredictable markets.
  • SUI's price prediction indicates a possible reaction from supply areas and a bounce from lower demand levels.

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