🚨 $SUI steady downtrend after peaking at 1.29.
It has established a series of lower highs (1.19 and 1.17), indicating that sellers are still controlling the broader momentum.
· Following the drop to a local low of 1.09, price has entered a choppy sideways phase. It is currently oscillating between a support zone around 1.12 and a resistance block near 1.17. Current price is hovering at 1.16, which is essentially the mid-range of this consolidation box, making it a tricky area for immediate entries.
🎯 Trading Scenarios
🔴 $SUI Short Scenario
· Trigger: Look for rejection near resistance zone
· Entry: 1.16 - 1.17
· Stop Loss: above 1.20 (recent lower high)
· Take Profit:
· TP1: 1.12 (Recent support)
· TP2: 1.09 (Major swing low)
🟢 $SUI Long Scenario (Range Bounce)
· Trigger: Wait for price to flush down to lower boundary and show signs of strong buyer defense
· Entry: 1.12 - 1.13
· Stop Loss: below 1.08 (structural low)
· Take Profit:
· TP1: 1.17 (Local resistance)
· TP2: 1.19 (Previous swing high)
Support me just Trade here👇
#sui
It has established a series of lower highs (1.19 and 1.17), indicating that sellers are still controlling the broader momentum.
· Following the drop to a local low of 1.09, price has entered a choppy sideways phase. It is currently oscillating between a support zone around 1.12 and a resistance block near 1.17. Current price is hovering at 1.16, which is essentially the mid-range of this consolidation box, making it a tricky area for immediate entries.
🎯 Trading Scenarios
🔴 $SUI Short Scenario
· Trigger: Look for rejection near resistance zone
· Entry: 1.16 - 1.17
· Stop Loss: above 1.20 (recent lower high)
· Take Profit:
· TP1: 1.12 (Recent support)
· TP2: 1.09 (Major swing low)
🟢 $SUI Long Scenario (Range Bounce)
· Trigger: Wait for price to flush down to lower boundary and show signs of strong buyer defense
· Entry: 1.12 - 1.13
· Stop Loss: below 1.08 (structural low)
· Take Profit:
· TP1: 1.17 (Local resistance)
· TP2: 1.19 (Previous swing high)
Support me just Trade here👇
#sui
