$SUI /USDT – ANALYSIS & TRADE SETUP
Analysis:
SUI is trading at $3.7307, down -2.31% in the last 24 hours. Price has pulled back from the $3.9779 high and is now hovering just above the $3.7130 key support. The recent drop shows selling pressure, but this support zone is crucial — a bounce here could spark a short-term recovery, while a breakdown could extend the decline toward the $3.65 area.
Bullish Setup (LONG):
Entry: $3.7200 – $3.7400
Targets: TP1 $3.8100, TP2 $3.8800, TP3 $3.9500
Stop Loss: Below $3.6950
Reason: Price holding above strong support with potential rebound toward resistance levels.
Bearish Setup (SHORT):
Entry: $3.8800 – $3.9300 (if rejection at resistance)
Targets: TP1 $3.8000, TP2 $3.7400, TP3 $3.6900
Stop Loss: Above $3.9800
Reason: Multiple rejections near $3.98 could trigger a pullback to support levels.