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$SUI appears to be positioning itself for another bullish expansion on the 4-hour timeframe.

From the area marked by the green arrow on the chart, a clear bullish phase began. This zone acted as a high-impact reaction area, where buyers stepped in aggressively and successfully shifted market sentiment from a corrective phase to renewed bullish momentum.
Current Market Structure: ABC Correction in Progress
From a structural standpoint, the price action suggests the development of an ABC corrective pattern. Within this formation, Wave B is unfolding as a triangle, a classic consolidation structure that frequently appears before trend continuation.
The triangle formation reflects:
Declining volatility
Temporary balance between buyers and sellers
Market preparation for the next impulsive move
At present, price action indicates that Wave B is still active, with one final internal leg remaining — wave “e” of the triangle. Completion of this final sub-wave would signal exhaustion of the corrective phase.
Next Expected Move: Impulsive Wave C
Once this last leg of consolidation completes, the market is expected to resume its bullish trajectory in the form of Wave C. Historically, Wave C tends to unfold as a strong impulsive move, accompanied by:
Increased momentum
Expanding volume
Clear directional price action
This phase often offers the most favorable risk-to-reward opportunities when aligned correctly.
Trade Planning & Risk Management
To optimize execution and manage risk effectively:
Two strategic entry zones have been marked on the chart
Positions should be built using a DCA (Dollar-Cost Averaging) approach rather than a single entry
This method allows flexibility and improved positioning in case of short-term volatility during the final stages of Wave B.
Projected Wave C targets are also highlighted on the chart, derived from Elliott Wave projections and prior structural highs. These zones can be used for partial or full profit-taking depending on individual risk strategy.
⚠️ Invalidation Level
This analysis becomes invalid if a candle closes below the marked invalidation level. Such a close would suggest the current wave structure has failed and that an alternative market scenario is likely unfolding.
As always, this analysis is based on technical probabilities, not certainty. Proper risk management is essential.
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