SUI / TetherUS
Long

SUI — The $3 Confluence Zone

857
For almost 2 months, SUI has been trading sideways in a range between $4 and $3. Today, price tapped the 0.618 Fib retracement ($3.115) of the entire move and bounced, giving a clean long trigger.

Looking ahead, the 1.0 trend-based Fib extension sits at $3.00 → a psychological key level in confluence with the 0.666 Fib retracement, making it the ideal long entry if price sees another drop.

🧩 Confluence Support Zone
  • 0.618–0.702 Fib retracement → primary long entry range
  • Trend-based Fib extension 1.0: $3.00
  • 0.666 Fib retracement: overlapping $3.00
  • 377 EMA (daily): $2.919
  • 377 SMA (daily): $3.03

🟢 Long Trade Setup
  • Entry Zone: $3.115 (0.618) → down to $3.00 (extension + retracement confluence)
  • Best Entry: Around $3.00
  • Stop-Loss: Below $2.80 (beneath 377 EMA support)
  • Target: Range highs
  • Potential Move: +50%
  • R:R: 1:5+

🔍 Indicators used
  • Multi Timeframe 8x MA Support Resistance Zones [SiDec] → to identify support and resistance zones such as the weekly 21 EMA/SMA.

➡️ Available for free. You can find it on my profile under “Scripts” and apply it directly to your charts for extra confluence when planning your trades.

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Note
0.618 Fib +3% bounce:
snapshot

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