๐๐ $SUI /USDT - REBOUND IN PROGRESS! Catch the Wave Up! ๐ฅ๐
Alright, traders! ๐ $SUI is showing great signs of recovery after a dip! Price bounced perfectly off key support, and the charts are flashing bullish signals! Is the upward move back on? Let's dive in!
Current Price: $3.3744 (+2.32%) - Bouncing Nicely! ๐ข๐ช
Market Structure & Momentum:
๐ Key Bounce: Price found strong support near $3.28 and buyers stepped in!
๐ Bullish Hourly: The recent hourly candle shows conviction from the bulls.
๐ Tightening Range: Volatility is contracting with an upside bias โ often a precursor to a move!
๐ My Potential Long Trade Setup:
Riding this potential rebound...
โก๏ธ Entry Zone: $3.35 โ $3.38 (Looking for entries as momentum builds)
๐ฏ Potential Profit Zones (TP):
TP1: $3.47
TP2: $3.62
TP3: $3.78+ (Targeting a move back towards recent highs!)
๐ Stop-Loss (SL): STRICTLY Below $3.27 (Essential protection just below key support! ๐ก๏ธ)
โก Why This Setup Matters:
Volume is sustaining, and $SUI is showing resilience, recovering well from the recent pullback. This sets the stage for a potential breakout back towards those higher price levels!
๐ก Pro Tip:
Place your stop loss strategically below the support level to manage risk effectively. As price rises, consider scaling out partial profits near the $3.75 psychological resistance and letting the rest run with a trailing stop! ๐ง ๐ผ
Is $SUI ready to reclaim higher ground? ๐ค Share your thoughts and targets below! ๐
#SUฤฐ #FOMCMeeting #USHouseMarketStructureDraft #BitcoinReserveDeadline #BinanceLaunchpoolSXT