$SUI /USDT FROM HEAD & SHOULDERS TO SUPPORT ZONE TEST!
$SUI has retraced sharply after topping at $4.1922, forming a clear inverse head-and-shoulders followed by a failed breakout at $3.7241. The 4H chart now shows a gradual downtrend after multiple rejections, including the recent lower high at $3.3859.
$SUI Price is currently testing a crucial support level around $3.25ā$3.28. A bounce here could spark a move back toward the $3.40ā$3.45 resistance zone, while a breakdown may lead to deeper lows.
š Trade Setup (Bounce or Breakdown Idea):
ā¢ Entry (Bounce Play): $3.26 ā $3.29
ā¢ Take Profit 1: $3.38
ā¢ Take Profit 2: $3.45
ā¢ Take Profit 3: $3.52
ā¢ Stop Loss: $3.19
Alternative Play: If support fails, look for a short setup targeting $3.12 with a stop loss above $3.33.