$SUI /USDT RANGE-BOUND PLAY — BULLS EYEING A BREAKOUT!
SUI is currently trading at $3.93, moving within a clear horizontal range. Price has bounced multiple times between strong support at $3.83 and resistance at $4.21, indicating accumulation and preparation for a breakout. The recent wick rejection from support suggests bulls are still defending this zone.
Trade Setup (Long):
Entry: $3.90 – $3.95
Take Profit: $4.20 / $4.25
Stop Loss: $3.82
Market Outlook:
As long as SUI holds above $3.83, this range remains valid. A clean break above $4.21 will confirm bullish momentum, while a breakdown below support may flip the structure bearish. Smart risk management is key here — tight stop, clear target.
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