$SUI AT CROSSROADS – BOUNCE OR CONTINUE SLIDING?
$SUI is trading at $3.6712, down -4.78%, after losing momentum from the $4.00+ peak. Price is consolidating just above the $3.65 support zone with buyers attempting to defend. The market is watching closely—next move could be sharp.
Key Levels to Watch:
• Resistance Zone: $3.6950 – $3.7400
A breakout above this range could initiate a strong short-term recovery.
• Support Zone: $3.6520 – $3.6650
If this area fails, bears may reclaim full control and push toward lower zones.
Trade Setup – Prepare for a Volatile Break:
Bullish Scenario:
If price reclaims $3.6950 with strong buying volume, possible targets include:
• TP1: $3.7400
• TP2: $3.8000
Bearish Scenario:
A breakdown below $3.6520 may trigger more losses toward:
• TP1: $3.6000
• TP2: $3.5200
Stop-Loss Placement:
• Long Entry: SL below $3.6500
• Short Entry: SL above $3.7400
$SUI is trapped in a tight consolidation. If bulls defend $3.65 and reclaim $3.70+, expect a sharp reversal. Otherwise, further downside is likely. Trade cautiously with tight stops.