$SUI Can the 0.9117 Support Trigger a Recovery?
SUI is attempting a short-term bounce after a sustained decline on the 1H chart. Price is currently near 0.9396, but the broader structure remains bearish until buyers reclaim key resistance levels.
Entry Zone: 0.9300 – 0.9400
Stop Loss: 0.9080
TP1: 0.9580
TP2: 0.9750
TP3: 0.9950
Why This Setup Matters
SUI has fallen from the recent swing high of 1.0566 and formed a sequence of lower highs and lower lows. The latest decline reached 0.9117, where buyers stepped in and produced a rebound toward 0.9396.
The 0.9300–0.9400 area is a potential entry zone if price holds support and shows renewed buying pressure. The first obstacle is around 0.9580, followed by resistance near 0.9750. If bullish momentum strengthens and price breaks through these levels, 0.9950 becomes a possible further target.
However, this is a countertrend recovery setup, not a confirmed reversal. Failure to hold the recent support area could expose SUI to another decline. A sustained move below 0.9117 would significantly weaken the bullish scenario.
Confirmation: Look for a bullish reaction around the entry zone and a break above nearby resistance.
Invalidation: A decisive breakdown below 0.9117 weakens the setup.
Wait for confirmation, use a predefined stop loss, and manage risk carefully. Targets are potential price levels, not guaranteed results.
SUI is attempting a short-term bounce after a sustained decline on the 1H chart. Price is currently near 0.9396, but the broader structure remains bearish until buyers reclaim key resistance levels.
Entry Zone: 0.9300 – 0.9400
Stop Loss: 0.9080
TP1: 0.9580
TP2: 0.9750
TP3: 0.9950
Why This Setup Matters
SUI has fallen from the recent swing high of 1.0566 and formed a sequence of lower highs and lower lows. The latest decline reached 0.9117, where buyers stepped in and produced a rebound toward 0.9396.
The 0.9300–0.9400 area is a potential entry zone if price holds support and shows renewed buying pressure. The first obstacle is around 0.9580, followed by resistance near 0.9750. If bullish momentum strengthens and price breaks through these levels, 0.9950 becomes a possible further target.
However, this is a countertrend recovery setup, not a confirmed reversal. Failure to hold the recent support area could expose SUI to another decline. A sustained move below 0.9117 would significantly weaken the bullish scenario.
Confirmation: Look for a bullish reaction around the entry zone and a break above nearby resistance.
Invalidation: A decisive breakdown below 0.9117 weakens the setup.
Wait for confirmation, use a predefined stop loss, and manage risk carefully. Targets are potential price levels, not guaranteed results.