SUI is approaching a major technical support zone, and price is getting close to a level where bulls may attempt to step back in. The key area to watch is $0.84 – $0.89, which aligns with previous demand and structure support. If price pulls back and shows confirmation (strong reaction, bullish candle formation, volume pickup), this zone could offer a potential long opportunity.
📌 Trade Idea (Spot Setup)
• Entry Zone: $0.84 – $0.89 (on confirmation)
• Take Profit 1: $1.00 – $1.15
• Take Profit 2: $1.30 – $1.50
• Take Profit 3: $1.65 – $1.95
• Stop Loss: Just below $0.79
The upside targets align with previous resistance zones and psychological levels where price has reacted before. As always, the key here is reaction at support — if the level holds and momentum shifts bullish, we could see a strong continuation move. If $0.79 breaks decisively, structure turns weak and the setup becomes invalid.
Manage your risk properly and wait for confirmation — don’t anticipate, react.
📌 Trade Idea (Spot Setup)
• Entry Zone: $0.84 – $0.89 (on confirmation)
• Take Profit 1: $1.00 – $1.15
• Take Profit 2: $1.30 – $1.50
• Take Profit 3: $1.65 – $1.95
• Stop Loss: Just below $0.79
The upside targets align with previous resistance zones and psychological levels where price has reacted before. As always, the key here is reaction at support — if the level holds and momentum shifts bullish, we could see a strong continuation move. If $0.79 breaks decisively, structure turns weak and the setup becomes invalid.
Manage your risk properly and wait for confirmation — don’t anticipate, react.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.