๐ Two-Step Setup on
$SUI โ QML Re-Test, Then Potential Bullish Upswing ๐
Price
$SUI is currently trading around $3.50 after a 6% decline, but the technical structure suggests a logical two-step scenario:
๐ Step 1 โ QML Re-Test (3.30โ3.45):
The price broke the long-term descending trend line, then quickly rose, indicating a two-legged structural formation.
๐ The QML demand zone between 3.30 and 3.45 represents an ideal entry point for buyers, as a strong bullish rejection is expected.
๐ Step 2 โ Bounce and Continue Towards 3.80โ3.90:
If we receive bullish rejection signals (such as a pin bar or bullish engulfing), the likely path is a resumption of the trend towards the last supply zone.
๐ And if the momentum continues, we may witness extensions towards the next structural peaks.
๐ Important Note: Do not chase the current breakout. Patience at QML gives you a cleaner setup and a higher reward.
๐ฒ Follow the channel
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