$SUI /USDT BULLISH BREAKOUT IN PLAY – EYES ON NEW HIGHS
SUI/USDT is showing strong bullish momentum, trading at $2.83 (+3.94%), after bouncing from $2.71 and testing the recent high at $2.84. Price action suggests potential continuation if bulls maintain control.
🔍 Key Technical Levels:
Current Price: $2.83
Support Levels:
$2.8000 – Minor intraday support
$2.7170 – Strong daily support (24h low)
Resistance Levels:
$2.8439 – Immediate resistance (24h high)
$2.9000 – Psychological level
$3.0000 – Major breakout target
📈 Trade Setup:
Long Entry:
On breakout and 4H close above $2.8450 with strong volume
OR
Pullback entry near $2.7900–2.8000 zone with bullish confirmation (wick rejection or bullish engulfing)
Targets (TP):
TP1: $2.90
TP2: $2.97
TP3: $3.05
Stop Loss (SL):
Below $2.7150 (break of bullish structure)
✅ Risk Management:
Risk only 1–2% of your capital per trade
Wait for candle close confirmation above resistance before entering
Adjust position size based on volatility and SL distance
🧠 Note: SUI is approaching a key resistance zone. A clean break above $2.84 with sustained volume can trigger rapid upside toward $3.00. However, failure to break may lead to a pullback toward the $2.75–2.78 zone before another attempt.
Let me know if you’d like scalping levels or RSI/MACD analysis for better entry timing!
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