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$SUN : Range Breakout Imminent?
โThe "Sun" is preparing to shine! We are currently witnessing a massive squeeze within a horizontal range. Historically, when
$SUN compresses like this, the resulting expansion is explosive.
โThe key level to watch is 0.01840. A clean break above this resistance confirms that bulls have regained full control, clearing the path for a rally toward our primary targets.
โ๐ Trading Strategy: The Breakout Play
โEntry Zone: 0.01800 โ 0.01830
โBullish Confirmation: Strong hourly close above 0.01840
โStop Loss (SL): 0.01750
โ๐ฏ Take Profit (TP) Targets
โTP1: 0.01890 (Initial Resistance)
โTP2: 0.01950 (Mid-Range Target)
โTP3: 0.02020 (Major Psychological Level)
โ๐ Why This Setup?
โRange Dynamics: Price is hugging the upper boundary of the consolidation zone.
โMacro Catalysts: With #GoldOnTheRise and recent #FedHoldsRates news, investors are looking for yield in established DeFi ecosystems like TRONโs SUN.io.
โStructure: Sustaining above the short-term EMA indicates buyers are absorbing any minor sell-offs.
โNabiha Noor โ๏ธ
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