🔍 $SUI /USDT Analysis – “Breakout Tested, Bulls Holding Breath”🤔🔐👇
📊 Timeframes: 1D & 1H
💰 Current Price: $4.29
📈 Market Bias: Bullish but cautious (short-term pullback visible)
🔵 Daily Chart (1D) Observations:
✅ Trend: Strong bullish trend with consistent higher highs & higher lows.
✅ EMA Support: Price is well above 20 EMA ($3.80), indicating strength.
✅ Resistance Zone: Price recently faced resistance near $4.45, forming a small upper wick — a sign of supply or short-term exhaustion.
✅ RSI: 67.69 — bullish zone, approaching overbought but not extreme yet.
✅ Structure: Daily candle shows a pause after a breakout; it may retest the breakout zone before continuation.
🟢 Hourly Chart (1H) Observations:
⚠️ Immediate Rejection: Price attempted a push above $4.40 but saw a sharp pullback, forming a strong rejection candle.
🟩 EMA Support: Price is currently hovering just above the green EMA (likely 20 EMA at $4.28).
🔄 Short-term Retest: Market likely doing a liquidity sweep and retesting key support near $4.18–$4.22.
📉 RSI Cooling Down: 1H RSI dropped to 53.53 — still healthy, suggesting room for another bounce.
📌 Trade Strategy (Bullish Plan)🔥
🎯 Entry Zone:
Buy zone: $4.22–$4.28 (EMA cluster + previous breakout support)
🎯 Targets:
TP1: $4.45 (recent high)
TP2: $4.65
TP3: $5.00 psychological resistance (swing target)
🔐 Stop Loss: Below $4.15 (confirmed candle close below 50 EMA on 1H)
⏳ Trade Duration: 1–2 days (short-term swing setup)
⚡️ Why This Setup?
Daily uptrend is intact — no signs of reversal.
RSI on both 1D and 1H is favorable for a rebound.
$SUI Price has pulled back to dynamic EMA support (20 EMA), often a high-probability re-entry spot in uptrends.
Volume (not shown) likely dropped on the pullback, indicating correction and not distribution.
⚠️ This analysis is for educational purposes only.