SUI/USD Technical Analysis – Potential Reversal Zone Identified
The current SUI/USD price action shows a strong bullish impulse reaching into a well-defined resistance zone, suggesting a potential pullback or reversal in the short term.
🔍 Key Levels
Resistance Zone: Between 4.30 – 4.39 USD, currently being tested after a strong bullish run. This is a historical supply area where price previously reversed.
Support Zone: Found between 3.60 – 3.70 USD, where price consolidated and accumulated before initiating the current rally.
Current Price: 4.2044 USD, slightly below the resistance zone, showing early signs of rejection.
📊 Technical Indicators & Structure
Supertrend (10,3): Bullish signal still active, suggesting trend strength, though traders should be cautious near resistance.
Break of Structure (BoS): Clean upward breaks suggest buyer dominance, but profit booking or sell-side liquidity may emerge near resistance.
Volume & Momentum: Impulse candles show strength, but volume tapering near resistance could indicate exhaustion.
📘 Educational Perspective
This setup highlights the importance of trading within key zones:
Buying at support, where demand is strong.
Monitoring resistance for signs of exhaustion or reversal patterns like wicks, doji, or bearish engulfing.
Risk Management Tip: In such cases, aggressive traders might short from resistance with tight stops, while conservative traders wait for confirmation (e.g., break and retest of the support or resistance).
The current SUI/USD price action shows a strong bullish impulse reaching into a well-defined resistance zone, suggesting a potential pullback or reversal in the short term.
🔍 Key Levels
Resistance Zone: Between 4.30 – 4.39 USD, currently being tested after a strong bullish run. This is a historical supply area where price previously reversed.
Support Zone: Found between 3.60 – 3.70 USD, where price consolidated and accumulated before initiating the current rally.
Current Price: 4.2044 USD, slightly below the resistance zone, showing early signs of rejection.
📊 Technical Indicators & Structure
Supertrend (10,3): Bullish signal still active, suggesting trend strength, though traders should be cautious near resistance.
Break of Structure (BoS): Clean upward breaks suggest buyer dominance, but profit booking or sell-side liquidity may emerge near resistance.
Volume & Momentum: Impulse candles show strength, but volume tapering near resistance could indicate exhaustion.
📘 Educational Perspective
This setup highlights the importance of trading within key zones:
Buying at support, where demand is strong.
Monitoring resistance for signs of exhaustion or reversal patterns like wicks, doji, or bearish engulfing.
Risk Management Tip: In such cases, aggressive traders might short from resistance with tight stops, while conservative traders wait for confirmation (e.g., break and retest of the support or resistance).
Trade active
🚨 SUI/USDT Short Trade Active – Professional & Educational Update 🚨📉 SUI/USDT – Short Position is Now Active
We have entered an active short position on SUI, based on bearish confirmation from key resistance and price showing signs of rejection. This setup aligns with the market structure breakdown and potential liquidity sweep above previous highs.
Trade closed: target reached
Our SUI short trade has successfully hit its bearish target, confirming the downtrend continuation and validating the technical analysis. Price action broke key support levels with strong momentum, closing the trade in profit.
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Market Analyst | XAU/USD Focused
Educational Content & Technical Breakdowns
Premium VIP Signals & Market Insights
Forex Mentorship & Live trades & strategies shared daily
Join our Telegram t.me/Mentor_Michael033
Educational Content & Technical Breakdowns
Premium VIP Signals & Market Insights
Forex Mentorship & Live trades & strategies shared daily
Join our Telegram t.me/Mentor_Michael033
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.