#SUI parsing the 4h timeframe:

The price is now fluctuating around the $3.95 mark, which is the middle of the current structure. There is consolidation after an upward impulse: the market is choosing a direction.

Scenarios of price movement

🟢 Bullish scenario:

The price slightly decreases to 3.88$, bounces and breaks through the zone 4.12-4.29$, consolidating above.In case of further impulse - the target is 4.50$.

🔴 Bearish scenario:

Price is testing the zone of 4.12-4.29$, but can't consolidate above.The reversal and formation of "M"-pattern, breakdown down to 3.60$ and further to 3.30$.At increased volume - possible reset to 3.00$.

Price behavior in the zone of 4.12-4.29$: break up - a signal for long, pullback with deviation - a reason to short.Support in the area of 3.88$ - if held, a sharp upward shot is possible.Breach of 3.30$ will open the way to 3.00$ - a key demand zone.