$SUI Pulls Back – Reversal in Sight or Just a Pause?
$SUI is currently trading at $2.2987 after encountering resistance near $2.3033. While there's evidence of short-term fatigue, the price remains above key support, leaving the door open for either a rebound or further decline.
Key Levels to Monitor:
Resistance: $2.3100 – A breakout here could pave the way toward $2.3240 and $2.3400.
Support: $2.2800 – A breakdown below this level may trigger a drop to $2.2600 and $2.2360.
Trade Scenarios:
Long Position: Enter above $2.3100
Target 1: $2.3240
Target 2: $2.3400
Short Position: Enter below $2.2800
Target 1: $2.2600
Target 2: $2.2360
Stop-Loss Strategy: Place stops just beyond the breakout or breakdown points to protect against false moves.
