Below is a recent candlestick chart of $SUI

–USD. I’ve included annotations for a suggested entry, exit, and a mid-trade profit checkpoint.

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📈 Suggested Trade Plan $SUI

Stage Price Zone Explanation

Entry ~$SUI $3.00–$3.10 Price has recently rebounded off the 0.618–0.786 Fibonacci retracement zone on daily/4‑h charts—support area confirmed by technical analysis and bounce signals .

Profit Checkpoint ~$3.60–$3.70 This corresponds to the previous swing high and resistance level mentioned in multiple analyses (e.g. resistance near $3.60) . 709-0It’s an ideal point to assess your position and possibly take partial profits.

Potential Exit/Stop‑Loss Stop‑loss: $2.88; Exit target: $4.80–$5.00 A drop below ~$2.88 would invalidate the trade (previous soft floor), while a breakout above $3.60 could lead to a rally toward $4.80–$5.00, per Elliott wave and Fibonacci projections .

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Rationale Behind the Trade Setup

1. Support Bounce at Fibonacci Zone

Analysts note a rebound from the golden retracement zone (~$3.00), paired with daily momentum indicators improving .

CentralCharts AI flags a bullish trend reversal and strong buy signals in daily timeframe .

2. Resistance at $3.60–$3.70

This price level has acted as ceiling for multiple sessions; a confirmed breakout could fuel further upside .

3. Upside Potential

Elliott wave studies and Fibonacci projections suggest a move toward $4.80–$5.00 if key resistance is overcome .

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Trade Execution Tips

Entry: Place a buy limit just above the support zone (~$3.05–$3.10) or wait to see a daily close above it.

Stop‑Loss: Set just below $2.88 to control downside risk.

Profit Management: Consider taking partial profits at ~$3.60–$3.70. If momentum remains strong, hold the remaining position toward the $4.80–$5.00 target.

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Risk Considerations

Token unlocks (e.g. $123 M unlocking) could pressure price and trigger a drop back toward ~$2.40–$2.70 .

Technicals are currently bullish, but a reversal below support invalidates the setup.

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Summary:

Enter near $3.05, stop at $2.88, take profits at $3.60–$3.70, and target $4.80–$5.00 if breakout confirms. Watch for token unlock news and daily chart confirmation.

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