$SUI /USDT – Breakout Watch in Tight Range 🔷
SUI is trading at $2.9245 (+1.90%) with bullish strength, hovering just below key resistance at $2.9340–$2.9407. Price is holding above all major EMAs, signaling upward pressure in a coiled range.
📈 Long Setup (Breakout Play):
Entry: Break above $2.9407
TP1: $2.9650
TP2: $2.9900
SL: $2.9000
📈 Long Setup (Support Bounce):
Entry: $2.8846 – $2.9008
TP1: $2.9245
TP2: $2.9340
SL: $2.8700
📉 Short Setup (If Breakdown):
Entry: Close below $2.8846
TP1: $2.8020
TP2: $2.7954
SL: $2.9120
Why I’m In:
SUI is compressing just under resistance with all EMAs clustered below—perfect setup for a breakout. If $2.9407 breaks with volume, expect a quick pop. But caution: a rejection can lead to fast drops.
⚠️ Note:
Watch volume near $2.9340. This is a pressure zone. Use tight stops and scale out on strength. Ideal for quick reaction trades in a high-volatility environment.