SUI has retraced to a major support zone, presenting a potential long swing setup. Price action is showing signs of a possible base, with another dip into early September likely before a reversal.
The strategy here is to ladder into long positions between $2.80–$3.20, aiming for a bounce toward previous resistance zones. Risk is managed with a tight invalidation below the last major support.
• Entry Zone: $2.80–$3.20
• Targets: $4.10–$4.50, $5.00–$5.20
• Stop Loss: Below $2.40
The strategy here is to ladder into long positions between $2.80–$3.20, aiming for a bounce toward previous resistance zones. Risk is managed with a tight invalidation below the last major support.
• Entry Zone: $2.80–$3.20
• Targets: $4.10–$4.50, $5.00–$5.20
• Stop Loss: Below $2.40
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Related publications
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.