🚨 $SUI Price Action Update | Bounce Incoming or More Pain? 🚨
$SUI is showing signs of a potential short-term reversal after an aggressive sell-off that pushed price down to a 24h low of $2.5902, currently rebounding to $2.6284 (-3.59%). The move comes after multiple red candles forming a local oversold condition, with price trying to reclaim momentum.
🧠 Technical Outlook:
◻️Local support formed at $2.59 – a potential base for a reversal.
◻️Reclaiming and holding above $2.63 - $2.66 could open up a bounce toward the 50 EMA at $2.74.
◻️Strong resistance lies around $2.78 - $2.81 zone.
🎯 Long Swing Trade Setup (High Risk - Monitor Closely):
🔵Entry Zone: $2.61 – $2.64
🔴Stop-Loss: Close below $2.58 (invalidates recovery)
🟢TP1: $2.74 (50 EMA)
🟢TP2: $2.81
🟢TP3: $2.95 (if momentum returns)
🕵️♂️ Watch Out: Macro sentiment, and general altcoin trend still uncertain – volatility expected. If bulls fail to hold this bounce, SUI could revisit $2.50 or lower.
📌 Summary: SUI is showing early signs of recovery from its local bottom. If volume picks up and price breaks above key resistances, we might see a solid swing rally. But caution: we are still under the 50 EMA and facing macro headwinds.
➡️ buy and trade here on $SUI
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