$SUI 🚀 🔨 🚀 BULLISH 🔨 🔨 🚀 💪
SUI/USDT Swing Trade Setup – Triangle Breakout Play
Chart Focus: 4H + Daily Timeframes
Current Price: $3.7935
24H Volume: $337.99M – moderate but sustained interest
Indicators:
RSI (4H): ~56 – Neutral, with room to push higher on breakout
MACD: Momentum building – histogram rising, bullish crossover approaching
Volume: Decreasing within triangle (bullish sign of a coiling setup) – look for volume spike on breakout
– Symmetrical Triangle Breakout Strategy
Setup Type: Volatility breakout (neutral-to-bullish bias)
Entry Options:
Aggressive: Break and close above $3.90 with volume
Conservative: Retest and hold $3.88–$3.90 zone after breakout
Stop Loss:
Below $3.60 – under triangle support and last significant low (approx. 5-6% risk)
Targets:
Target 1: $4.20 (recent top + minor resistance)
Target 2: $4.60 (Fibonacci 1.272 extension + previous wick high)
Target 3 (swing): $5.00 (psychological level & Fib 1.618 extension)
Risk-to-Reward:
Minimum R/R ~1:2.5 up to 1:4+ on swing targets
Optional Early Entry Signal:
If price bounces off $3.65 with a bullish engulfing candle on 1H or 4H and volume picks up, it could be a pre-breakout long entry with tighter risk.