SUI has been climbing steadily inside a well-structured ascending channel for the past few weeks. The recent breakout above the $4.30 resistance zone – which was a key liquidity level – seems to have swept stop-losses and trapped late buyers.
🔎 Here's what we're watching:
- Price broke out of the ascending channel briefly and rejected from the upper parallel.
- The breakout above $4.30 was likely a liquidity grab (buy-side liquidity taken).
- Price is now pulling back, showing signs of distribution below resistance.
📉 Expecting a correction toward the lower channel line as price seeks rebalancing.
🧠 Strategy Notes:
- No reason to long here unless price reclaims $4.35 with volume.
- Ideal buy zone is near the midline or lower channel.
- A break below the channel could signal deeper correction toward $3.60 or lower.
📊 Always respect risk – don’t chase after price in these zones.
📡 Analysis by CryptoPilot – navigating the market with precision.
#CryptoPilot #SUI #SmartMoney #LiquidityGrab #CryptoTrading #TrendChannel #Altcoins
🔎 Here's what we're watching:
- Price broke out of the ascending channel briefly and rejected from the upper parallel.
- The breakout above $4.30 was likely a liquidity grab (buy-side liquidity taken).
- Price is now pulling back, showing signs of distribution below resistance.
📉 Expecting a correction toward the lower channel line as price seeks rebalancing.
🧠 Strategy Notes:
- No reason to long here unless price reclaims $4.35 with volume.
- Ideal buy zone is near the midline or lower channel.
- A break below the channel could signal deeper correction toward $3.60 or lower.
📊 Always respect risk – don’t chase after price in these zones.
📡 Analysis by CryptoPilot – navigating the market with precision.
#CryptoPilot #SUI #SmartMoney #LiquidityGrab #CryptoTrading #TrendChannel #Altcoins
📊 CryptoPilot – Advanced Technical Analysis for BTC & Altcoins
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
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.
📊 CryptoPilot – Advanced Technical Analysis for BTC & Altcoins
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
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.