$SUI 🚀 BULLISH MOMENTUM 🚀
Chart Overview & Key Levels
Current Price & Momentum
Sui is trading near $3.892, within a daily range of approximately $3.62 to $3.90, signaling a volatile but potentially strategic zone for setup.
Support Levels:
Immediate support emerges around $3.20, where buyers have previously stepped in.
Stronger, longer-term support sits near $3.27, with additional backing at $2.55.
Resistance Levels:
$3.98 to $4.00 acts as the key near-term hurdle. Sui recently failed to clear this zone, drawing short-term selling pressure.
On a bullish extension, higher Fibonacci-based targets include $4.33, $4.74, and $5.15.
Sentiment & Signals:
Technical readings show mixed signals—some oscillators and moving averages lean bullish, while momentum remains uncertain.
---
Trading Strategy
Strategy Type Entry Zone Stop-Loss Targets
Pullback Long $3.74 – $3.90 Below $3.70 $4.06 → $4.40 → $4.90
Breakout Play Close above $3.98–4.00 Below $3.90 $4.33 → $4.74 → $5.15
Support Rebound $3.27 – $3.40 retest Below $3.20 $3.90 → $4.00+
Tactical Notes
Pullback Long: Buying in the $3.74–$3.90 range targets the near-term swing high at $4.06, with the upside extension toward $4.90 if momentum sustains.
Breakout Play: A clear close above $3.98–$4.00—especially on volume—sets the stage for fib-ticket price extensions like $4.33 and beyond.
Support Rebound: A dip toward $3.27–$3.40 offers a lower-risk entry in anticipation of a reversal bounce targeting $3.90+.
Risk Management: Always size position to <= 2% of capital, use tight stop-losses, and consider scaling out at each target tier.
Why This Makes Sense
This strategy blends technical staples—Fibonacci retracements, support/resistance structure, and volume-motivated breakouts—to position trades with clear entry and exit signals. Sui’s recent price structure, with potential swing setups and well-defined targets, offers a structured framework for tactical trading.