$SUI 🔥 STRONG BULLISH MOMENTUM 🔥 🔥
📊 Technical Analysis:
Support Zone: $2.40–$2.50 – recent demand area, aligning with 20-day EMA
Resistance Targets:
TP1: $2.90 – immediate resistance
TP2: $3.20 – previous high from early June
Chart Pattern: Breakout from falling wedge, supported by strong daily candles
Indicators:
RSI near 60 – bullish momentum
MACD positive crossover
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🎯 Short-Term Strategy (Buy the Dip):
Entry Zone: $2.50–$2.58
Stop-Loss: Below $2.40
Targets: $2.90 → $3.20
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🧠 Market Sentiment:
Momentum returning after reclaiming $2.50
Strong interest from retail and institutional traders (uptrend confirmation)
🛑 Disclaimer:
This is not financial advice. For educational purposes only. SUI is volatile—always DYOR and manage your risk appropriately. Use stop-loss orders and only invest what you can afford to lose.
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