$SUI - Strong Bullish Momentum

Market Overview:

Current Price: $3.0435

Price Action: Recovering from a local low of $2.8950, showing strong upward momentum.

Indicators:

MA(7) = 2.9941, MA(25) = 3.0064, MA(99) = 2.9812

The price has moved above all major moving averages, indicating bullish momentum in the short term.

RSI(6) = 77.18 – Overbought, showing strong buying pressure but caution for potential short-term pullback.

Volume: Noticeable spike with green candles – confirms breakout interest.

Key Levels:

Support: $2.9950 – psychological and MA convergence support

Resistance: $3.1296 – recent local high

Secondary Resistance: $3.14+ – extended breakout target zone

Trade Setup:

Entry Zones:

Aggressive Entry: Current price ($3.04–$3.045)

Conservative Entry: Pullback to $3.00–$3.01 (MA support area)

Targets:

TP1: $3.10

TP2: $3.125–$3.14

Stop-Loss: Below $2.9950 or tighter at $2.9700 to protect from fakeouts.

Summary:

SUI is showing a bullish breakout on strong volume with price sitting comfortably above moving averages. The RSI suggests overbought conditions, so be cautious of minor pullbacks, which may offer better entries. Holding above $3.00 will be key for continuation.

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