$SUI /USDT
Market Structure:
SUI previously formed a strong top near 1.05, followed by a clear rejection and corrective move down to 0.89. After forming a base, price bounced and started recovering.
Current Situation:
Price is now trading near 0.95 and showing signs of stabilization. Buyers are defending the recent support zone, indicating possible continuation if volume increases.
Key Levels:
Support: 0.92 – 0.89
Resistance: 0.98 – 1.05 – 1.12
Trade Setup:
Entry: 0.92 – 0.94
Stop Loss: 0.88
Targets: 0.98 – 1.05 – 1.12
Risk Note:
Market is still in recovery phase. Avoid chasing. Wait for confirmation near support before entering.
Outlook:
As long as price holds above 0.89, bullish structure remains valid. A clean breakout above 0.98 can trigger the next upside move.
