💥
$SUI Technical Outlook | Short term recovery inside a larger downtrend
Current Price: ~0.977
🔹 Key Levels
Major Support: 0.90 – 0.92
Strong Support: 0.78 – 0.80 (recent bottom)
Immediate Resistance: 1.02 – 1.05
Major Resistance: 1.18 – 1.22
🧠 Market Structure Insight
Price formed a higher low after 0.788 → bullish short-term sign
But structure is still below major resistance → macro trend remains bearish
Current movement looks like a relief rally / pullback move
📈 Trade Scenarios (Based on your trading style – RR 1:4)
✅ Buy Setup (Safer)
Entry Zone: 0.90 – 0.93
Stop Loss: 0.86
Targets:
T1: 1.05
T2: 1.18
T3: 1.28
👉 This gives clean structure + good RR + trend support
⚠️ Breakout Buy Setup
Buy only if strong close above: 1.05
Stop: 0.99
Targets: 1.18 → 1.28 → 1.40
❌ No Trade Zone
Between: 0.95 – 1.03
→ Choppy + low RR + high stop hunt probability
📰 Fundamentals Impact (Short Summary)
Bullish Drivers
Grayscale ETF filing
SUI + Ethena + DeepBook DeFi integration
Bearish Risks
Large spot outflow ($122M)
60%+ supply still locked → future dilution risk
👉 So: Short-term bullish | Medium-term cautious
🎯 Best Strategy Right Now
Wait for:
Pullback near 0.90–0.92 → best RR buy zone
OR
Breakout above 1.05 with volume
#SUIUSDT #SUI #Crypto