$SUI Decision Point! Bounce from $3.99 or Breakdown Incoming?
SUI is trading at $3.9935, hovering right above key horizontal support. A breakout above $4.05 could confirm the next wave higher, but sellers are active near $4.02–$4.03.
Trade Setup:
• Entry Zone: $3.9800 – $4.0000
• Stop Loss: Below $3.9400 (loss of support zone)
• Target 1: $4.0500 (immediate resistance)
• Target 2: $4.1800 (continuation move)
Order Book Insight:
Sell-side dominance at 69.29%, showing significant short-term pressure. However, buyers are stacking bids near $3.99, defending current structure.
Volume Check:
Volume SMA sits at 1.034M, rising with each support test — indicating buyers aren’t backing down yet.
If entering here, use a tight stop and only commit if SUI closes above $4.03 on strong volume. Otherwise, wait for a dip-reclaim setup.