🟢 1. Market Structure & Context
Following a prolonged flat between 2.0630–2.0987 USDT (accumulation zone), SUI executed a CHoCH (Change of Character) upward in the 2.2744–2.3978 USDT area. This kicked off a powerful BOS (Break of Structure) fueled by a strong volume surge. Price surged to a weak high at 3.7227 USDT, forming an EQH (Equal High) at 3.6092 USDT before pulling back. Currently, SUI is oscillating between 3.4000–3.6000 USDT as it digests the rally ahead of the next move.
🟢 2. Key Levels
- Resistance 3.6092–3.7227 USDT: EQH area where significant sell orders cluster.
- Interim Support 3.4000–3.5580 USDT: retest zone after the rally, bulls’ entry point.
- Primary Support 3.1382–2.9733 USDT: region of consolidation after the initial breakout.
- Secondary Support 2.3978–2.2744 USDT: pivotal BOS level confirming the trend shift.
- Accumulation 2.0987–2.0630 USDT: base formation for the subsequent leg up.
🟢 3. Volumes in Focus
- At BOS around 2.3978 USDT, volume spiked as large buyers entered.
- On the run to 3.7227 USDT, volume profile peaked, explaining the turn.
- In the 3.4000–3.5580 USDT band, current bars show average volume, indicating consolidation.
🟢 4. Important Technical Signals
- CHoCH Up at 2.2744 USDT: bulls’ first claim of control.
- BOS Above 2.3978 USDT: confirmed a higher structure and new uptrend.
- EQH at 3.6092 USDT: sign of temporary buyer exhaustion.
- CHoCH Down from 3.5580 USDT: signal of short-term cooling before the next push.
🟢 5. Possible Development Scenarios
- Bullish: Holding 3.4000 USDT and a volume-backed break above 3.6092–3.7227 USDT clears the way to 3.9000–4.0000 USDT, potentially extending to 4.2000–4.3000 USDT.
- Bearish: Failure to breach 3.6092 USDT coupled with a close below 3.4000 USDT will likely retest 3.1382–2.9733 USDT, and if broken, slide toward 2.3978–2.2744 USDT.
🟢 6. Strategic Recommendations
- Long: Enter on a decisive bounce from 3.4000–3.5580 USDT, stop under 3.3500 USDT, take profits at 3.6092–3.7227 USDT, then 3.9000–4.0000 USDT.
- Short: Look for rejections in 3.6092–3.7227 USDT, stop above 3.7500 USDT, target 3.4000 USDT, then 3.1382 USDT.
🟢 Conclusion
SUI has broken out from 2.0630–2.0987 USDT, cleared 2.3978 USDT and rallied to 3.7227 USDT. The current retracement toward 3.4000–3.5580 USDT is a healthy pause. Defending this zone and breaking above 3.6092 USDT on solid volume will confirm the next leg of the uptrend.
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