📈 $SUI Recovery Setup: Eyes on the Move Up!
SUI is starting to show signs of potential strength again, and there are two key strategies to watch if you're looking to position for the next leg up:
🔹 Strategy 1: Breakout Confirmation
Watch for a confirmed breakout and daily close above the 50-EMA, currently sitting around $3.38. A solid hold above this level could signal strength and open the path toward the $3.80–$4.20 zone.
🔹 Strategy 2: Sweep the Lows, Then Reverse
If we see another move down, keep an eye on the 0.618 Fibonacci level near $2.89. A liquidity grab below recent lows could set the stage for a powerful bullish reversal. This would be a classic "fakeout" move before a breakout.
📊 Volume is cooling off, and momentum indicators are nearing oversold zones — a perfect setup to watch closely for confirmation.
🚀 Whether it’s a breakout or a deeper pullback, SUI looks primed for a potential recovery move. Stay patient, and trade the confirmation, not the hype!
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