๐ $SUI
โ Cooling Off or Coiling Up?
Current Status:
Hit $3.57 recently (local high)
Now trading near $3.38 โ showing signs of consolidation, not reversal yet
๐ Key Technical Levels
LevelPriceSignificance๐ต Support$3.30Strong demand zone โ must hold๐ก Pivot Zone$3.38โ$3.42Accumulation range๐บ Resistance$3.60Bullish breakout confirmation๐ฏ Major Target$4.00If momentum returns sharply
๐ Technical Outlook
Structure: Higher highs and higher lows โ Still bullish
Volume: Cooling down = consolidation phase, not distribution
Indicators to Watch:
RSI: Watch for bounce near 50 (neutral zone)
MACD: Look for bullish cross near zero line
21 EMA (1h/4h): If price stays above, trend remains intact
๐ง Trade Plan Ideas
๐ต Scenario 1: Bounce from $3.30
โ Entry: $3.30โ$3.35 (look for bullish candle confirmation)
๐ฏ TP1: $3.50
๐ฏ TP2: $3.65
๐ฏ TP3: $3.95โ$4.00
๐ SL: Close below $3.28
๐บ Scenario 2: Breakout Entry
โ Entry: Break and retest of $3.60 with volume
๐ฏ Target: $4.00
๐ SL: $3.48โ$3.50 zone (below breakout base)
๐ก Pro Tip
โConsolidation above support = strength, not weakness.โ
If BTC stays calm and $SUI holds $3.30โ$3.35, it could coil for a powerful breakout.
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