$SUI $SUI $SUI 🚀 🚀 🚀
SUI/USDT Analysis | Falling Wedge Breakout Loading? ⚡
SUI has been in a downtrend inside a falling wedge pattern — but the structure is showing signs of a potential breakout reversal! Let’s dive into the setup:
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Technical Breakdown 🔍
Currently testing the bottom trendline of the falling wedge pattern (bullish reversal pattern).
Strong support zone (blue box) near $1.85 – $2.05 holding the price with buyers stepping in.
A potential bullish divergence forming with volume uptick!
Reclaim of EMA resistance (around $2.36 – $2.82) can send it flying!
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Trade Setup Plan 🧠
Entry Zone:
✅ $2.00 – $2.10 (ideal accumulation area near wedge support)
Stop-Loss:
❌ Below $1.85 (invalidates structure & wedge support)
Targets 🎯:
1️⃣ $2.36 – Local resistance
2️⃣ $2.80 – Key supply zone
3️⃣ $3.19 – Breakout confirmation target
4️⃣ Bonus: $4.00+ if momentum kicks in!
R:R Ratio:
⚖️ 1:2 to 1:4 — High potential if wedge breakout occurs!
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Strategy Suggestion ⚔️
Scalp traders can enter with confirmation candle above wedge resistance
Swing traders can accumulate in current zone with staggered buys
Watch volume & candle closes on 1D TF for entry validation
Set alerts near $2.36 and $2.82 for reaction plays!
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Summary:
SUI is cooking inside a classic bullish wedge — and it's bouncing from a strong demand zone. Breakout = BOOM! Prepare early, position wisely!
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