$SUI /USDT BULLISH BREAKOUT IMMINENT | TECHNICAL ANALYSIS UPDATE

Current Price: $3.5067

Support Levels: $3.44 / $3.41

Resistance Levels: $3.54 / $3.60

Technical Breakdown:

SUI/USDT is showing strong bullish momentum after reclaiming the $3.50 psychological level. The price is currently consolidating near the $3.54 resistance, forming a bullish flag/pennant on the lower timeframes. Volume is picking up, suggesting a potential breakout.

The 4H chart shows a clear uptrend with higher lows, and the 1D candle closed bullish above the mid-range.

Trade Setup (LONG):

Entry: $3.51 – $3.54

Take Profits:

TP1: $3.60

TP2: $3.68

TP3: $3.80

Stop Loss: $3.43 (Below key support zone)

Risk Management:

Only risk 1-2% of your capital per trade. Always use a stop loss. Avoid FOMO and manage your position sizing based on your portfolio.

Momentum favors the bulls – watch for a breakout above $3.54!

#Crypto #Altcoins #TechnicalAnalysis #BullishBreakout #Write2Earn $SUI