$SUI /USDT BULLISH BREAKOUT SETUP ON 2H CHART
$SUI has just completed a clean breakout above its recent consolidation zone, with strong bullish momentum confirmed by rising volume and a decisive candle close above resistance. The 2-hour chart shows a textbook bullish structure: higher lows, breakout above the neckline, and a surge in buying interest. This move aligns with a broader recovery in altcoins and signals potential continuation.
The breakout level at 3.28 acted as a key resistance, now flipped into support. Price action shows a clear bullish engulfing candle, backed by increasing volume and RSI pushing above 60—indicating strength. The MACD histogram has turned positive, and the signal line crossover confirms upward momentum. The 21 EMA is sloping upward and holding price, while the 50 EMA is catching up, suggesting a short-term trend reversal.
LONG ENTRY:
Entry: 3.27–3.29 (on retest of breakout zone)
TP1: 3.36
TP2: 3.42
TP3: 3.51
SL: 3.22 (below breakout structure and EMA support)
Risk Management:
Use 1–2% of capital per trade. Avoid overleveraging. Adjust SL if volatility spikes. Monitor volume and candle structure near TP zones for signs of exhaustion.
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