$SUI /USDT Price Action Setup: Is This the Perfect Bounce Play After the Dip?
SUI just bounced off its daily low at $3.5842 — is this the beginning of a reversal or just another fakeout? Read on for the trade setup that could print big!
Current Market Snapshot
Price: $3.7788
24h High / Low: $4.0051 / $3.5842
Volume: 91.3M SUI
Trend: Short-term bearish, but showing signs of bounce
Technical Levels (1H Chart)
MA(7): $3.6885
MA(25): $3.7689
MA(99): $3.8128
Currently, price is trying to reclaim the 25 MA and holding above the 7 MA — a short-term recovery attempt is underway.
TRADE SETUP (1H Strategy)
Entry (Long):
$3.75–3.78 range (after confirming higher low above $3.65 zone)
Stop-Loss:
$3.58 (just below the recent low at $3.5842)
Take Profit Zones:
TP1: $3.88 (near MA(99) + recent resistance)
TP2: $4.00 (psychological + last local high)
TP3: $4.10 (if breakout confirms with volume)
Quick Summary
Why it’s bullish: Strong bounce from key support + reclaiming short-term MA(7)
Risk Level: Moderate — confirmation needed with volume holding above $3.75