$SUI is currently flashing a rare "double-bottom" signal on high-volume timeframes, making it one of the most discussed assets on the charts right now. After a significant correction, technical indicators suggest the selling pressure is finally exhausting.
Here is a professional breakdown of the current setup and how to play the potential recovery.
The Technical Catalyst: Deep Oversold Bounce
The Daily (1D) frame has reached extreme levels, with the RSI (Relative Strength Index) hitting deep oversold territory. Historically, SUI has shown aggressive recoveries from these levels. Currently, the price has found solid footing at the 1.03 support zone and is beginning to reclaim key EMAs on the H1 and H4 charts.
Strategic Trade Plan: SUI/USDT Long
* Entry Zone: 1.111 – 1.144
* Stop Loss: 1.080 (Below recent local support)
Take Profit Targets:
* TP1: 1.170 (Immediate resistance flip)
* TP2: 1.210 (Mid-range recovery)
* TP3: 1.250 (Full retest of the breakdown zone)
Why This Matters Now
The recent dip was exacerbated by a market-wide deleveraging event and a scheduled token unlock, but the underlying ecosystem strength remains high. With the Fear & Greed Index in "Extreme Fear," contrarian traders are looking for this exact type of "spring" price action.
> Pro Tip: Always manage your risk. While the RSI suggests a bounce is imminent, ensure your position size aligns with your risk tolerance.
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{spot}(SUIUSDT)
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