$SUI /USDT - Pullback Bounce or Fakeout? Here's the Setup You Need to Know🤔🔐👇
🕒 Timeframe: 4H & 1H
📉 Current Price: $3.4959
📈 Bias: Cautiously Bullish (Short-Term Rebound Play)
🔍 Technical Breakdown:
✅ RSI Bounce Detected: RSI recovered from oversold near 42 on 4H and pushing above 47 on 1H, signaling hidden strength.
✅ Support Zone Held: Price bounced from the $3.40–3.42 zone, which aligns with prior CHoCH + BOS confluence on both charts.
✅ Bearish Order Block Retest: Price facing supply resistance near $3.56–$3.63 zone. If broken with volume, we may see a strong move.
✅ EMA Stack (Dynamic Zones): On 1H, $SUI is approaching confluence of 21/50/100 EMA resistance. Bullish confirmation only on reclaim above $3.55.
🎯 Updated Strategy: EMA Reclaim + Momentum Break
🔸 Entry: Above $3.56 breakout with volume
🔸 Targets:🎯
• T1: $3.63
• T2: $3.80
🔸 SL: Below $3.42 swing low
🔸 Duration: Intraday to 2 Days
📊 Invalidation: Breakdown below $3.42 = momentum failure & revisit $3.25
📌 Why This Setup?
Market respected previous CHoCH zones and reacted bullish from high-volume demand. Momentum is building — but needs validation above EMA cluster. 📈
🧠 Pro Tip: Don’t FOMO. Let $SUI price confirm above resistance — then ride the wave. Structure is still sensitive.
💬 Trader’s Note:
“Price action is the truth. Indicators only assist clarity. Never trade what you think — trade what you see.”
📉 Disclaimer: Not financial advice. Do your own research before investing or trading. Crypto is highly volatile.