I’m watching $SUI /USDT around 0.7808 after a sharp bounce from the visible 0.7788 low. For me, the key point is that price is still sitting just below the MA60 at 0.7816, so I don’t want to chase the recovery yet.
The setup becomes more interesting if SUI can reclaim 0.7816 and hold above it. The next visible resistance area is around 0.7820–0.7828, so that’s where I’d watch the reaction.
📍 Entry: 0.7816–0.7820, only after a clear reclaim
🎯 TP1: 0.7828
🎯 TP2: Not clearly justified from the visible chart
🎯 TP3: Not clearly justified
🛑 Invalidation: 0.7788
If price loses 0.7788, I’d step away from this setup because that’s the most recent visible swing low, and the bounce structure would be weakened.
Volume is visible but doesn’t give me enough confirmation to call this a strong breakout yet. I’m watching the reaction around the MA60 rather than forcing an entry.
Confirmation matters here — I’d rather enter after the reclaim than chase the bounce.
The setup becomes more interesting if SUI can reclaim 0.7816 and hold above it. The next visible resistance area is around 0.7820–0.7828, so that’s where I’d watch the reaction.
📍 Entry: 0.7816–0.7820, only after a clear reclaim
🎯 TP1: 0.7828
🎯 TP2: Not clearly justified from the visible chart
🎯 TP3: Not clearly justified
🛑 Invalidation: 0.7788
If price loses 0.7788, I’d step away from this setup because that’s the most recent visible swing low, and the bounce structure would be weakened.
Volume is visible but doesn’t give me enough confirmation to call this a strong breakout yet. I’m watching the reaction around the MA60 rather than forcing an entry.
Confirmation matters here — I’d rather enter after the reclaim than chase the bounce.