SUI has rebounded strongly from the $3.089–$3.266 demand zone, establishing a clear higher low on the 4H chart. This bounce was followed by a decisive break above short-term resistance near $3.60, signaling renewed bullish momentum. Price is now around $3.83, just below the key $4 psychological barrier, where buyers appear poised to push toward higher resistance levels.
The structure favors continuation to the upside as long as $3.512 holds as support. A strong 4H close above $3.85–$3.90 could unlock the move toward $4.24 and potentially $4.44. Momentum indicators align with price action, suggesting the uptrend has further room to extend.
Trade Setup
• Entry: $3.83 (or pullback to $3.70–$3.75)
• Stop Loss: $3.512
• Target 1: $4.248 (~10.9%)
• Target 2: $4.443 (~15.9%)
• Partial Profit Plan: Take some profits near $4.24 to lock in gains, let the rest run toward $4.44 depending on momentum and your risk profile.
📌 It is recommended to book partial gains along the way and use trailing stops to protect profits while allowing the trade to capture extended upside moves.
The structure favors continuation to the upside as long as $3.512 holds as support. A strong 4H close above $3.85–$3.90 could unlock the move toward $4.24 and potentially $4.44. Momentum indicators align with price action, suggesting the uptrend has further room to extend.
Trade Setup
• Entry: $3.83 (or pullback to $3.70–$3.75)
• Stop Loss: $3.512
• Target 1: $4.248 (~10.9%)
• Target 2: $4.443 (~15.9%)
• Partial Profit Plan: Take some profits near $4.24 to lock in gains, let the rest run toward $4.44 depending on momentum and your risk profile.
📌 It is recommended to book partial gains along the way and use trailing stops to protect profits while allowing the trade to capture extended upside moves.
Trade forex, indices, stocks and metals with up to US$100.000 in company's funding.
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Trading involves substantial risk. Not financial advice
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
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.
Trade forex, indices, stocks and metals with up to US$100.000 in company's funding.
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
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.