Technical Breakdown:
Structure: Strong bullish continuation after breaking key resistance at $2.80.
Trend: Higher highs and higher lows formation intact.
Volume: Declining slightly on lower TFs — needs fresh momentum for breakout.
Momentum: RSI cooling off near 70 level — possible short-term pullback before next move.
Key Indicators: 50 EMA acting as dynamic support on 4H.
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Trade Setup:
Bullish Scenario:
Entry Zone: $3.40 - $3.48
Targets:
TP1: $3.68
TP2: $3.90
TP3: $4.15 (Major Psychological Level)
Stop-Loss: $3.28 (below key structure)
Bearish Scenario:
Entry for Short: Below $3.28 breakdown
Targets:
TP1: $3.10
TP2: $2.90
Stop-Loss for Short: $3.50
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Pro Insights & Strategy Tips:
Watch for strong bullish engulfing candle near $3.45 to confirm long setup.
A weak bounce + low volume near $3.68 could trigger early profit booking.
Major resistance ahead at $4.00 - $4.15 zone — high chances of pullback there.
Smart Money likely accumulating between $3.40 - $3.50 zone before next push.
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Short/Long Outlooks:
Bullish Bias:
Strong uptrend continuation if $3.50 holds.
Breakout above $3.68 with volume = 🚀
Bearish Risk:
Loss of $3.28 support = short-term correction towards $3.00 zone.
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Final Thoughts:
SUI is showing impressive strength but caution needed near major psychological resistances ($4.00+).
Smart entries, tight stop-losses, and riding momentum will be key here!
Always adapt to live market conditions.
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BUY & TRADE $SUI HERE!
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Disclaimer: Trade at your own risk. This is not financial advice. Always DYOR before investing.
