$SUI APPROACHING $4.00 WALL – BREAKOUT OR REJECTION NEXT?
$SUI is trading at $3.9872, holding just below the psychological resistance of $4.00 after a slow and steady climb. With volume building at 134.79K, bulls are once again knocking on the door of a breakout.
Key Technical Zones:
• Resistance: $4.00 – Key barrier; breaking it could spark a strong upside run.
• Support: $3.9600 – Holding this level keeps the bullish structure intact.
Trade Setup – A Make-or-Break Moment
Bullish Breakout Setup:
• Entry Zone: Above $4.00
• TP1: $4.12
• TP2: $4.28
Bearish Pullback Setup:
• Entry Zone: Below $3.9600
• TP1: $3.9150
• TP2: $3.8600
Stop-Loss:
• For Longs: Below $3.9550
• For Shorts: Above $4.0150
If $SUI can break and hold above $4.00 with volume, it could trigger a sharp rally. Keep your eyes on the next few candles—this move could be explosive!