*๐ SUI Weekly Breakout Brewing | Eyes on 5.75+ ๐ฏ*
โ
๐ *Current Price:* *2.9937* (+2.7%)
SUI is holding strong above key support and bouncing off the *1W MA50* ๐. This upward channel is intact, and bulls seem to be loading for the next leg up ๐.
โ
๐ *Chart Breakdown:*
- โ Clear bullish channel since mid-2023
- ๐ Double RSI bounce from the 40โ45 zone = momentum shift
- ๐ฆ Holding above weekly MA support = bullish structure intact
- ๐ผ Rejection from lower channel = potential reversal point
โ
๐ *Trending Signals:*
- ๐น *Bullish channel respected*
- ๐น *RSI confirming higher lows*
- ๐น *Weekly MA50 bounce = strong support reaction*
- ๐น *Higher timeframe structure remains upward*
โ
๐ฏ *Targets to Watch:*
- TP1: *3.60*
- TP2: *4.90*
- TP3: *5.75*
- SL: Below *2.60*
โ
๐ฎ *Prediction & Analysis:*
If SUI holds above 2.90 and reclaims3.10โ3.20, we could see a wave toward 5+ over the coming weeks ๐. RSI signals and channel momentum suggest bulls are in control.
โ
๐ก *Swing Trade Setup:*
- *Entry:*2.95โ3.05
- *SL:*2.60
- *TP Range:* 3.60 โ5.75
- *Risk/Reward:* Favorable for mid-term bulls
โ
โ ๏ธ *Watch for weekly close above $3.20* โ it confirms trend continuation ๐.
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