saturation then sell

📊 SUI (Sui Network) Market Analysis – May 2025 Update

SUI has successfully completed a 5-wave move from its April lows, hitting the projected resistance and target zone between $4.20 and $4.30. This fulfills the Elliott Wave count, suggesting the bullish structure may be reaching exhaustion, though not yet confirmed.

🔍 Wave Structure Summary:

✅ Wave 1–5 completed from April low

✅ Target zone ($4.20–$4.30) reached

❗ Price currently above support ($3.65–$3.88)

🔄 Possibility of one final wave up remains if support holds

🟡 Risk of correction increasing (watch for trend reversal signs)

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🎯 Trade Setup (Short-Term Swing)

✅ Entry Options:

Aggressive: $4.10–$4.25 (target hit, but possible final push)

Safer re-entry: $3.70–$3.85, if price confirms support bounce

🛑 Stop-Loss:

Conservative: Below $3.65 (support break = wave top likely in)

Tighter option: Below $3.80 (prior swing lows from May 9–10)

🎯 Upside Targets:

1. $4.30 – previous high retest

2. $4.50 – possible wave extension

3. $4.75 – upper extension zone if structure pushes higher

📉 Bearish Confirmation:

Break below $3.65 = likely wave 5 top is in

Initial wave 2 retracement target (after confirmation): $3.20–$3.40

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🧠 Summary:
SUI has completed its expected Elliott Wave 5 structure. While a final push higher is still possible if $3.65 holds, the risk of a wave 2 correction is increasing. Traders should watch for a breakdown below $3.65 as a sign of a trend reversal and prepare for a deeper pullback if confirmed.
$SUI

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