$SUI : Structural Floor or Deeper Retrace? 📉
$SUI is currently testing a high-stakes psychological support level at 0.9000 on the 4H timeframe. After a -5.63% daily slide, price action is compressing at a major liquidity pivot point. The reaction here defines the trend for the week.
Market Structure:
The chart shows a series of lower highs, but we are entering a heavy demand zone between 0.8900 and 0.9050. Volume is stabilizing, indicating that the immediate selling pressure may be exhausting. A reclaim of 0.9300 is the key confirmation needed to shift the bias back to the bulls.
Trade Setup:
🟢 Direction: LONG
📍 Entry Zone: 0.8970 - 0.9100
🎯 Target 1: 0.9450
🎯 Target 2: 0.9800
🎯 Target 3: 1.0500
🚫 Stop Loss: 0.8780
⚙️ Leverage: 3x - 5x
Risk Management:
The market is currently volatile. Maintain a strict 1% risk-per-trade. A 4H candle close below 0.8900 invalidates this recovery thesis.
The Debate:
Is this a textbook "buy the blood" opportunity at major support, or is
$SUI headed for a deeper flush toward 0.8500?
Bullish or Bearish? Let’s hear your take below! 👇
#SUIUSDT #BinanceSquare #CryptoTrading #Altcoins #TechnicalAnalysis