SUI Completes Fourth Descending Step: High R:R Long Setup Targeting 1.5 USD Rebound?
SUI on the 4-hour timeframe is entering a decisive inflection phase following a month-long cascading stair-step correction. This steady retracement has functioned as a necessary consolidation phase to reset leverage after the previous vertical expansion. The market has now completed its fourth corrective leg, compressing directly against a major structural shelf.
Historically, once an extended corrective cycle exhausts three to four descending waves, downside selling momentum dries up and frequently triggers an aggressive upward expansion. Analyzing recent 4-hour candle behavior near 0.917 USD, downward continuation has visibly stalled as price repeatedly prints lower wick rejections across the blue horizontal base. Depleted selling volume confirms seller exhaustion, indicating that residual floating supply is being absorbed by patient buyers.
Price stabilization right below the diagonal trendline unlocks an asymmetric Long setup with an exceptional risk-to-reward ratio. The primary upside target for this expansion impulse aims toward the previous macro resistance ceiling near 1.50 USD. A tight protective stop-loss is placed at 0.863 USD. Should this fourth wave fail and extend into a fifth sweep, the 0.80 USD round-number shelf will serve as an ideal secondary accumulation zone.
DYOR $SUI #Colecolen
SUI on the 4-hour timeframe is entering a decisive inflection phase following a month-long cascading stair-step correction. This steady retracement has functioned as a necessary consolidation phase to reset leverage after the previous vertical expansion. The market has now completed its fourth corrective leg, compressing directly against a major structural shelf.
Historically, once an extended corrective cycle exhausts three to four descending waves, downside selling momentum dries up and frequently triggers an aggressive upward expansion. Analyzing recent 4-hour candle behavior near 0.917 USD, downward continuation has visibly stalled as price repeatedly prints lower wick rejections across the blue horizontal base. Depleted selling volume confirms seller exhaustion, indicating that residual floating supply is being absorbed by patient buyers.
Price stabilization right below the diagonal trendline unlocks an asymmetric Long setup with an exceptional risk-to-reward ratio. The primary upside target for this expansion impulse aims toward the previous macro resistance ceiling near 1.50 USD. A tight protective stop-loss is placed at 0.863 USD. Should this fourth wave fail and extend into a fifth sweep, the 0.80 USD round-number shelf will serve as an ideal secondary accumulation zone.
DYOR $SUI #Colecolen
