$SUI Breakout Brewing: Red Zone Reversal or Bull Trap? 🔥
1H Chart Setup | Binance | SUI/USDT
📊 Technical Snapshot:
Current Price: 1.4546 USDT
Support Zone: 1.4538 USDT (holding strong)
Resistance Target: 1.5700 USDT
RSI: 40.81 (oversold bounce potential)
$SUI
SUIUSDT
Perp
1.3962
-6.14%
📈 Trade Setup:
Entry: 1.4550 USDT
Take Profit (TP): 1.5690 USDT
Stop Loss (SL): 1.4350 USDT
Risk-Reward Ratio: 🔥 3.2R 🔥
Potential Profit: +63.45 USDT
Max Risk: -19.68 USDT
🧠 Bounce Psychology Insight:
Price dipped into the red zone, triggering fear. But RSI signals a potential reversal. If bulls reclaim momentum, this could be a classic bounce from oversold territory. Watch for volume confirmation!