📌 Analysis Summary:
SUI has broken out of a strong falling channel structure that started in late May.
We’re now seeing a bullish breakout + retest, suggesting a potential trend reversal from bearish to bullish.
A small consolidation zone near the breakout confirms strength, supported by buyer presence near previous highs.
🛠️ Trade Plan (Swing Setup):
Entry: $2.89 (current price zone, post-breakout consolidation)
Stop Loss: $2.62 (below consolidation + last support structure)
Take Profit: $3.62 (near previous key resistance level)
Risk/Reward Ratio: ~2.7R
🔎 Key Technicals:
Breakout from downtrend channel
Consolidation above previous structure
Higher low formation visible
Volume remains steady, showing no strong rejection
🧠 Trade Management:
Partial TP can be considered around $3.30
Monitor BTC movement for broader sentiment
Break below $2.62 invalidates this setup
📈 This is a swing position, not a scalp — ideal for 3–10 day holding period if structure holds.
🛑 Always use proper risk management.
🔔 Follow for more clean setups.
SUI has broken out of a strong falling channel structure that started in late May.
We’re now seeing a bullish breakout + retest, suggesting a potential trend reversal from bearish to bullish.
A small consolidation zone near the breakout confirms strength, supported by buyer presence near previous highs.
🛠️ Trade Plan (Swing Setup):
Entry: $2.89 (current price zone, post-breakout consolidation)
Stop Loss: $2.62 (below consolidation + last support structure)
Take Profit: $3.62 (near previous key resistance level)
Risk/Reward Ratio: ~2.7R
🔎 Key Technicals:
Breakout from downtrend channel
Consolidation above previous structure
Higher low formation visible
Volume remains steady, showing no strong rejection
🧠 Trade Management:
Partial TP can be considered around $3.30
Monitor BTC movement for broader sentiment
Break below $2.62 invalidates this setup
📈 This is a swing position, not a scalp — ideal for 3–10 day holding period if structure holds.
🛑 Always use proper risk management.
🔔 Follow for more clean setups.
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.
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.