ā $SUI/USDT Perpetual: Range Tightening, Breakout on the Horizon! š„šš
Current Price: $2.8882 (+0.13%) ā Flat price action, but pressure is building with strong volume support.
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š Technical Breakdown
ā¢ RSI Cluster (6, 12, 24): All between 45ā47 ā Momentum is neutral but not oversold, suggesting buyers are patiently absorbing supply.
ā¢ Volume Surge: 24h Volume = 545M SUI / $1.57B USDT š„ ā massive interest in this zone.
ā¢ Price Coiling Below Resistance: Rejected at $2.94, now holding around $2.88 ā compressed volatility often leads to explosive moves.
ā¢ High/Low Range: Tight 24h range of $2.8572 ā $2.9343, giving scalpers and swing traders a clean structure to work with.
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š Trade Setup
ā¢ Entry Zone: $2.8750 ā $2.8900
ā¢ TP1: $2.9350 (retest of high)
ā¢ TP2: $2.9750 (new breakout zone)
ā¢ TP3: $3.0500 (round psychological target)
ā¢ Stop Loss: $2.8450 (below range low)
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š§ Strategy & Advice
š° Beginners: Wait for a breakout candle above $2.94 with strong volume before jumping in.
š¼ Pros: Setup favors pre-breakout accumulation. Ideal for intraday range plays or sniping early entry with tight SL.
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š§ Market View: Compression Before Expansion
$SUI is trading in a low-volatility coil, backed by strong volume and RSI balance. A clean break above $2.94 could trigger a fast rally toward $3.05+.
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