$SUI /USDT TRADE SETUP & ANALYSIS

✅ Bullish Scenario (If price breaks above 3.75–3.80 with volume):

Entry: On breakout above 3.75

Target 1: 3.95

Target 2: 4.10+

Stop Loss: Below 3.60

❌ Bearish Scenario (If rejection at 3.70 and loss of 3.60 support):

Entry: Below 3.58

Target 1: 3.45

Target 2: 3.30

Stop Loss: Above 3.70

🔍 Chart Overview:

Market Sentiment: Mixed/Neutral with slight bullish attempt

Indicators: Heikin Ashi candles, EMA ribbons, Horizontal resistance/support, possible chart pattern

📊 Technical Breakdown:

1. Support & Resistance Levels:

Immediate Resistance: ~3.80 to 3.90 (price previously rejected here)

Immediate Support: ~3.50 (multiple bounces indicate a strong support)

Key Horizontal Zones:

Strong Resistance at ~4.10 - 4.20

Previous Strong Support at ~3.45 (still holding)

2. Chart Pattern Insights:

There’s a visible Head & Shoulders pattern forming earlier → bearish outcome played out.

But now we're seeing potential Double Bottom at ~3.50 area → suggesting a bullish reversal attempt.

Price currently testing previous support as resistance (3.65–3.70) — a key decision zone.

3. Trendlines & Moving Averages:

Green EMA (short-term) is trying to curl upward — early bullish momentum.

Red EMA (longer term) still sloping down — overall trend still in caution zone.

Upward trendline (from previous swing lows) broken, now testing for reclaim.

⚠️ Final Notes:

Volume confirmation is key for breakout validity.

This zone is a high-risk, high-reward area—stay cautious.

A clear reclaim of 3.80 level with follow-through would flip structure bullish.

Trade $SUI