💥$SUI Technical Outlook | Short term recovery inside a larger downtrend

Current Price: ~0.977

🔹 Key Levels

Major Support: 0.90 – 0.92

Strong Support: 0.78 – 0.80 (recent bottom)

Immediate Resistance: 1.02 – 1.05

Major Resistance: 1.18 – 1.22

🧠 Market Structure Insight

Price formed a higher low after 0.788 → bullish short-term sign

But structure is still below major resistance → macro trend remains bearish

Current movement looks like a relief rally / pullback move

📈 Trade Scenarios (Based on your trading style – RR 1:4)

✅ Buy Setup (Safer)

Entry Zone: 0.90 – 0.93

Stop Loss: 0.86

Targets:

T1: 1.05

T2: 1.18

T3: 1.28

👉 This gives clean structure + good RR + trend support

⚠️ Breakout Buy Setup

Buy only if strong close above: 1.05

Stop: 0.99

Targets: 1.18 → 1.28 → 1.40

❌ No Trade Zone

Between: 0.95 – 1.03
→ Choppy + low RR + high stop hunt probability

📰 Fundamentals Impact (Short Summary)

Bullish Drivers

Grayscale ETF filing

SUI + Ethena + DeepBook DeFi integration

Bearish Risks

Large spot outflow ($122M)

60%+ supply still locked → future dilution risk

👉 So: Short-term bullish | Medium-term cautious

🎯 Best Strategy Right Now

Wait for:

Pullback near 0.90–0.92 → best RR buy zone
OR

Breakout above 1.05 with volume

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