SUI continues to hold a bullish market structure despite increased volatility driven by macro headlines. Price action remains above the bull market support band, indicating strength and resilience. A notable confluence zone has formed between $2.40 and $2.80, where buyers previously stepped in aggressively.
This area is shaping up as a high-probability accumulation zone, especially if a liquidation wick drives price into it. A bounce from this range could initiate the next expansion leg upward.
🔹 Trade Setup
• Entry Zone: $2.40 – $2.80
• Take Profit Targets:
🥇 $3.40 – $3.60
🥈 $4.00 – $4.50
• Stop Loss: Daily close below $2.35
This area is shaping up as a high-probability accumulation zone, especially if a liquidation wick drives price into it. A bounce from this range could initiate the next expansion leg upward.
🔹 Trade Setup
• Entry Zone: $2.40 – $2.80
• Take Profit Targets:
🥇 $3.40 – $3.60
🥈 $4.00 – $4.50
• Stop Loss: Daily close below $2.35
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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.
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.