$SUI is coiling like a spring and the next move could be explosive
Long setup locked in
Entry zone sits at 1.6050 to 1.6200
Stop loss placed tight at 1.5750 to protect downside
Targets lined up at 1.6800 first and 1.7250 next
The 20 EMA around 1.6367 has been a stubborn ceiling, rejecting every push higher. A clean break and close above it can flip momentum fast.
RSI 6 is oversold near 32 and curling up, showing sellers are losing control.
MACD is deep in the red but flattening, a classic sign that downside momentum is running out.
Key levels to watch
Lose 1.5880 and SUI likely sweeps the 1.5426 low
Break 1.6550 and the door opens toward 1.7500
Volatility is loading. Patience here could pay big.
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1.6237
-3.51%
