SUI has rallied right into a key confluence area — the strong supply zone & bearish order block at $3.90–$4.00, which also aligns perfectly with the descending channel’s upper boundary.
📌 Bearish Scenario (preferred):
If price shows rejection at this zone and breaks below $3.85, a corrective move toward $3.55–$3.60 is highly probable, with potential extension toward $3.35 demand zone.
📌 Invalidation:
A 4H candle close above $4.05 would invalidate the short setup and open the door for a continuation toward $4.25+.
💡 Note: Confluence of channel resistance + supply OB + psychological $4 level makes this a high-probability short area. Watch for lower-timeframe BOS or liquidity sweep before entering.
📌 Bearish Scenario (preferred):
If price shows rejection at this zone and breaks below $3.85, a corrective move toward $3.55–$3.60 is highly probable, with potential extension toward $3.35 demand zone.
📌 Invalidation:
A 4H candle close above $4.05 would invalidate the short setup and open the door for a continuation toward $4.25+.
💡 Note: Confluence of channel resistance + supply OB + psychological $4 level makes this a high-probability short area. Watch for lower-timeframe BOS or liquidity sweep before entering.
📊 CryptoPilot – Advanced Technical Analysis for BTC & Altcoins
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
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🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
Related publications
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
Related publications
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.