$SUI Compression Underway: Breakout or Breakdown Next?
$SUI is trading at $3.5325, moving within a tight consolidation range after failing to reclaim the $3.60+ zone. While the structure remains neutral, strong buy-side pressure could ignite the next directional move soon.
Key Levels to Watch:
• Resistance Zone: $3.5600 – $3.6000
A confirmed breakout above this could spark upside toward:
• TP1: $3.6400
• TP2: $3.7200
• Support Zone: $3.5000 – $3.4200
A breakdown below this area might drive the price toward:
• TP1: $3.3600
• TP2: $3.2000
Trade Setup: Volatility Loading
• Bullish Setup: A strong close above $3.5600 with volume could break the range and start a new upward trend.
• Bearish Setup: A drop below $3.5000 would signal weakness and potential for deeper retracement.
• Stop-Loss Guidance: SL below $3.4800 for longs; above $3.6100 for shorts.
All eyes on breakout zones—next impulse move may not wait long.