SUI has broken out of its downtrend, hitting all prior upside targets and now pulling back toward a key support area and the 200-day EMA, potentially forming a higher lowโan ideal spot for re-entry.
๐น Entry Zone:
Around $2.80
๐ฏ Take Profit Targets:
๐ฅ $3.40 โ $3.60
๐ฅ $4.00 โ $4.20
๐ฅ $5.00 โ $5.20
๐ Stop Loss:
Daily close below $2.20
๐ Strategy Notes:
Look for bullish confirmation (e.g., wick rejections, bullish engulfing candle) near $2.80
Structure remains intact as long as price holds above $2.20
EMA retests often precede strong continuation if trend strength remains