SUI remains overall bullish, trading within the rising channel marked in green.
Price is currently correcting and approaching a strong intersection of:
🟢 Lower bound of the rising channel
🔵 Key structure zone
This confluence creates an interesting area to watch for the next bullish reaction.
As long as this intersection holds, we will be looking for trend-following long setups on lower timeframes to catch the next potential impulse movement.
A clear break below this intersection would weaken the bullish scenario and force us to reassess.
📌 The trend is bullish. Now we wait for price to come to us.
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always manage your risk and wait for proper confirmation before entering a trade.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
