$SUI is currently moving quietly within a short-term downward trend on the hourly frame, but it is noticeable that the price has reached areas where selling has been exhausted multiple times.
These areas are often a precursor to a counter-movement, especially when negative momentum decreases.
The Relative Strength Index is approaching its bottom and is no longer exerting the same downward pressure as before, which usually precedes a rebound, even if temporary.
Additionally, the 1.45 area has proven itself as strong support, and the price has interacted with it multiple times, giving it clear technical significance.
Currently, the price is close to the 100 moving average, and staying above it could open the door for an organized upward attempt towards higher levels within the channel, with the possibility of testing the upper limit.
⬅️ Entering around 1.50 seems logical for those who prefer quick and disciplined trades
⬅️ Upcoming areas to watch are 1.56 then 1.60
⬅️ The idea is negated by breaking the clear support below 1.45
The opportunity exists, but the most important thing is to control the size and avoid recklessness.
The market gives, but it punishes those who forget capital management.
