🚨 $SUI 4-hour breakout confirmed! Is this a chase or a bull trap?
After two weeks of rectangle consolidation, $SUI has just broken through the key neckline with strong volume. The market is now showing a healthy low-volume pullback, and the bullish structure remains intact.
📊 Core observations:
1. The breakout was accompanied by volume expanding to 1.8x the 5-day average.
2. Funding rates are still below 0.01%, meaning retail traders have not yet aggressively chased the move, and short squeeze momentum is still present.
🎯 Trading plan reference:
• Suggested entry zone: 1.92 - 1.95 (pullback confirmation)
• Take-profit target (TP1): 2.12 (previous high)
• Take-profit target (TP2): 2.30 (Fibonacci 1.618 extension)
• Strategy invalidation / stop loss (SL): 1.86 (close if price breaks below the previous low structure)
⚠️ Risk reminder: If the broader market $BTC experiences a sudden sharp pullback, please prioritize defense.
👉 Are you currently holding a long position or waiting to short on the rebound? Share your entry point in the comments below!
After two weeks of rectangle consolidation, $SUI has just broken through the key neckline with strong volume. The market is now showing a healthy low-volume pullback, and the bullish structure remains intact.
📊 Core observations:
1. The breakout was accompanied by volume expanding to 1.8x the 5-day average.
2. Funding rates are still below 0.01%, meaning retail traders have not yet aggressively chased the move, and short squeeze momentum is still present.
🎯 Trading plan reference:
• Suggested entry zone: 1.92 - 1.95 (pullback confirmation)
• Take-profit target (TP1): 2.12 (previous high)
• Take-profit target (TP2): 2.30 (Fibonacci 1.618 extension)
• Strategy invalidation / stop loss (SL): 1.86 (close if price breaks below the previous low structure)
⚠️ Risk reminder: If the broader market $BTC experiences a sudden sharp pullback, please prioritize defense.
👉 Are you currently holding a long position or waiting to short on the rebound? Share your entry point in the comments below!