SUI is on the verge of another rally (4H)From the point where we marked the green arrow on the chart, a bullish phase has started on SUI. This area acted as a key reaction zone where buyers stepped in decisively, shifting market sentiment from corrective to bullish.
Based on the current price structure, it appears that we are developing an ABC corrective pattern. In this structure, Wave B has formed as a triangle, which is a common consolidation pattern before continuation. The triangle suggests decreasing volatility and balance between buyers and sellers before the next impulsive move.
At the moment, price action indicates that we are still inside Wave B, with one final sub-wave remaining wave “e” of the triangle. Once this last leg of the triangle is completed, the corrective phase should be fully exhausted.
After the completion of this final wave, the market is expected to resume its bullish move in the form of Wave C, which typically unfolds as a strong impulsive rally. This next move should bring expansion in both momentum and volume compared to the corrective structure we are currently seeing.
To manage risk and execution efficiently, two entry zones have been clearly marked on the chart, and positions should be built using a DCA (Dollar-Cost Averaging) approach rather than a single entry. This allows better positioning in case of short-term volatility during the end of Wave B.
The projected targets for Wave C are also outlined on the chart, based on classical Elliott Wave projections and prior market structure. These levels represent logical areas where partial or full profit-taking can be considered.
⚠️ Invalidation:
This analysis will be invalidated if a candle closes below the marked invalidation level. A confirmed close below that level would indicate that the current wave structure is no longer valid and that the market may be transitioning into a different scenario.
As always, this setup is based on technical structure and probability, not certainty. Proper risk management is essential.
If you have a coin or altcoin you want analyzed, first hit the like button and then comment its name so I can review it for you.
This is not a trade setup, as it has no precise stop-loss, stop, or target. I do not publish my trade setups here.
