$SUI Analysis

Market Narrative:

SUI is showing signs of recovery with a modest upward trend, though still consolidating within a defined range. Price action suggests accumulation phase with decreasing volatility, while maintaining healthy volume levels.

Analysis:

SUI is currently trading at $3.51, showing positive momentum (+9.69%) despite relatively low volatility. The technical structure reveals a neutral-bullish setup, with price hovering above the pivot point ($3.48) and testing immediate resistance at $3.58.

Technical Outlook:

• RSI at 44.79 indicates room for upward movement before reaching overbought conditions

• MACD convergence (-0.06397783) with signal line suggests potential trend reversal

• Strong ADX (100.0) indicates trend strength, though DMI spread suggests caution

Key Observations:

1. Volume remains robust at $1.08B with healthy liquidity (9.08%)

2. BB Width (17.41%) suggests potential for expansion

3. Market structure showing signs of accumulation with tight ranges

Trade Setup:

Long position potential above $3.58 (R1) with initial target at $3.66 (R2). Key support at $3.42 should be watched for potential reversals. Stop loss recommended below $3.40 (S1).

Risk Management:

• Low overall risk (4/10) suggests moderate position sizing

• Keep positions modest given the relatively tight BB width

• Monitor volume for breakout confirmation

Action:

Consider long entries on clearance of $3.58 with tight stops. Alternative approach: wait for retest of $3.42 support for better risk/reward. Current setup favors swing trading over scalping given the momentum structure.

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