$SUI Trading Signal – Channel Retest in Progress

Analysis:

$SUI is moving within an ascending channel, recently bouncing off the lower trendline near $4.400. The price is attempting to stabilize above $4.500, signaling potential continuation within the channel.

Bullish Scenario: A sustained hold above $4.500 could trigger a move toward the midline resistance at $5.000, with potential for $5.500 if momentum strengthens.

Bearish Scenario: A break below $4.400 would invalidate the channel, leading to further downside risk toward $4.200.

Action and Advice:

Traders should consider entries near $4.500, targeting $5.000 and $5.500. Use a stop loss below $4.400 to mitigate risk if the channel breaks. Monitor volume for breakout confirmation.

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