SUI 1H – Breakdown & Retest of Key Support, But Will It Reject or Reclaim?
Description:
SUI just completed a textbook range breakdown after weeks of sideways chop between ~$3.60–$4.10. The prior support floor has now flipped into resistance, and the recent bounce appears to be retesting that structure. If this retest gets rejected, continuation toward lower support zones (potentially $3.30 and below) becomes likely.
However, reclaiming and holding above $3.60 could trap late shorts and fuel a squeeze. Structure still favors bears for now, but it’s decision time.
📌 Breakdown structure
📌 Bearish retest
📌 Eyes on confirmation or invalidation
This is the battle zone — stay sharp.
Description:
SUI just completed a textbook range breakdown after weeks of sideways chop between ~$3.60–$4.10. The prior support floor has now flipped into resistance, and the recent bounce appears to be retesting that structure. If this retest gets rejected, continuation toward lower support zones (potentially $3.30 and below) becomes likely.
However, reclaiming and holding above $3.60 could trap late shorts and fuel a squeeze. Structure still favors bears for now, but it’s decision time.
📌 Breakdown structure
📌 Bearish retest
📌 Eyes on confirmation or invalidation
This is the battle zone — stay sharp.
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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.
Try our strategy optimizer at quanttradingpro.com
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
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.