🟣 $SUI Trade– Relief Bounce Into Resistance (15m)
$SUI saw a strong bounce from the 0.925 demand zone, but price is now approaching a key EMA resistance area. While buyers have stepped in short-term, the broader structure still favors sellers unless a clean reclaim happens.
📊 Market Structure (15m)
• Sharp sell-off found support at 0.9256
• Relief bounce underway, but EMA 99 acting as resistance
• Price still below higher-timeframe resistance
• Bounce volume decent, but follow-through needed
• Structure remains corrective, not trend reversal yet
📌 Key Levels
• Resistance: 0.960 – 0.970
• Immediate Support: 0.945 – 0.940
• Major Support: 0.925
🎯 Trade Scenarios
🔴 Short on Rejection (Safer Play)
Entry: 0.960 – 0.970
SL: Above 0.985
TP1: 0.945
TP2: 0.935
TP3: 0.925
🟢 Bullish Continuation Only If:
• Price breaks & holds above 0.975
• Acceptance above EMA 99 with strong volume
Until SUI reclaims 0.98, upside moves may face selling pressure. For now, this looks like a relief bounce into supply, not a confirmed reversal.
⚠️ Bias flips bullish only above 0.985
💬 Bounce continuation or rejection from EMA? Share your view 👇
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