Bullish Breakout Setup – $SUI /USDT
Token: $SUI
Short Liquidation Triggered: $23.33K at $3.224 — a sign of trapped bears and momentum shifting in favor of bulls.
Market Snapshot
SUI just flushed out aggressive short-sellers at the $3.224 mark. This level, now acting as a strong intraday support, sets the stage for a potential breakout as buyers reclaim control and push toward higher resistance zones.
Trade Setup
Entry Range:
Accumulation Zone: $3.23 – $3.28 (ideal for early positioning)
Breakout Confirmation: Above $3.32 with rising volume
Stop-Loss Strategy:
🔻 Place SL below $3.18 — beneath liquidation and recent higher low
Bullish Targets:
🎯 Target 1: $3.39
🎯 Target 2: $3.48
🎯 Target 3: $3.63 – high-timeframe resistance zone
Key Technical Levels
Support Zone: $3.18 / $3.22
Breakout Trigger: $3.32
Major Resistance: $3.63
Sentiment & Price Structure
The short liquidation event signals increased bullish strength. With higher lows forming and volume stabilizing, $SUI looks primed for an upside breakout.
A move above $3.32 could trigger momentum traders and stop runs on remaining short positions.
Strategic Outlook
Look for a confirmed 1H close above $3.32. Early entries near $3.23–$3.28 offer a solid risk/reward setup.
A breakout above $3.39 could accelerate toward the mid-$3.60s region.
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