$SUI
SUI (updated view as of Apr 20, 2026) — market structure & trade levels (not financial advice)
1) Trend / structure
Primary trend: Treat as range-to-neutral unless SUI is making higher highs + higher lows on the daily. If the daily is still printing lower highs, rallies are more likely to be sellable into resistance.
Key tells:
Bullish: daily close above the most recent swing high + retest holds.
Bearish: breakdown below the most recent swing low + failed reclaim.
2) Support / resistance map (how to mark it)
Because I don’t have your live SUI chart/price in this chat, here’s the clean way to anchor levels:
Major support: the last daily higher-low (or the range low if still ranging).
Major resistance: the last daily lower-high (or the range high).
Mid-range “decision” level: the 50% of the range (often where chop happens). If you paste your current SUI price (or a screenshot), I’ll convert this into exact levels.
3) Momentum & confirmation
Volume: Breakouts without a volume expansion often become fakeouts; prefer break + retest.
RSI (daily):
Sustained above ~50 supports bullish continuation.
Rejections near ~50 in downtrends often signal weakness.
Moving averages (simple read):
Price above rising 20/50D = trend support.
Price below falling 20/50D = rallies are suspect.
4) Simple playbooks
Bull case: Break above range high → wait for retest → scale in; invalidate on loss of retest.
Bear case / risk-off: Lose range low → avoid longs until reclaim; aggressive traders short bounces into resistance.
5) Risk fit (given your portfolio)
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