Hey Binance Square Family! 😊 SUI just tested its support and is showing bullish signs—let’s dive in with full clarity, positive vibes, and smart strategy. Always sticking to our friendly, respectful community spirit!
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📈 Chart Snapshot & Key Levels
Retest of Support: SUI bounced off the $2.30–$2.50 support zone, confirming it held strong after a dip .
Bullish Structure: Daily timeframe breakout & retest at $3.46—making room for upward momentum .
Critical Resistance: $2.325 needs to flip for renewed bullish confidence. A break above this could usher in upside toward $2.40–$2.45 .
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🔍 Technical Momentum
Ascending Channel Uptrend: Price is trending within an ascent, with buyers clearly in control .
Moving Averages: Short- and long‑term MAs are sloping upward. MA99 (~$3.11) acts as reliable long‑term support .
Bollinger & SAR: Bands widening with price above Ichimoku cloud—supporting bullish continuation .
Oscillator Watch: RSI around 52–55, MACD with early crossover signs—momentum building but caution advised .
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🎯 Strategy for Square Traders
1. Momentum Entry
Trigger: Break & close above $3.46, ideally confirmed on 1H/4H candles .
Targets:
Short-term: ~$3.80–$3.90
Next resistance zone: ~$5.61 → ~$6.07
Stop-Loss: Just below breakout level (~$3.40).
2. Support Bounce Play
Entry Area: $2.50–$2.30 range.
Targets: First aim for $2.40–$2.45; higher if momentum continues.
Stop-Loss: Below $2.30 for protection if support breaks.
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🧐 Fundamental Fuel
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⚠️ Risks & Watchpoints
Watch $2.30 Support: Dropping below this could invalidate bullish structure.
MACD is Early: Needs clear positive crossover for sustained momentum .
Broader Market Sentiment: Bitcoin or general altcoin weakness can weigh down SUI.
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✅ Takeaway & Checklist
Confirmed bounce at $2.30–$2.50 supports bullish outlook.
Breakout above $3.46 is key for next leg up.
Targets: $3.80 → $5.61 → $6.07
Play it safe: Use defined stop-losses; manage your risk; adjust based on confirmed setups.
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🎉 Friendly Reminder from Binance Square
Respect everyone: Positive vibes only.
Context matters: Entry, TP, SL – keep your strategy clear.
Know your risk: Never go all‑in, always DYOR.
Celebrate small wins: Each step forward counts!