$SUI /USDT — Breakout From Downtrend Channel 🚀

$SUI just delivered a strong impulse from $3.30, breaking out of its descending channel with heavy volume expansion. The breakout puts price action at a decision point, with traders watching closely for confirmation.

What to Watch Next:

Acceptance above $3.80: Momentum continuation toward $4.00 and then $4.20.

Rejection at $3.80: A pullback back to $3.55 is likely; losing that level reopens the path toward $3.30.

Trade Setups (For Study, Not Financial Advice):

Breakout Long: H1 close > $3.80, targets $4.00 / $4.20, SL back below $3.70.

Pullback Long: Retest hold at $3.55, SL < $3.45, TP $3.80 → $4.00.

Fade Short: Clear wick rejection at $3.80, TP $3.55, SL > $3.85.

⚠️ Risk Note: After a breakout from a long channel, it’s safer to wait for confirmation. Reduce position size and rely on candle closes to avoid false breakouts.