$SUI
Current Market Structure
Price: 1.0030
Resistance: 1.013 โ 1.018
Support: 0.998 โ 0.992
Trend: Sideways to slightly bullish
๐ Chart Observation
Price has taken a strong bounce from 0.9928.
Long upper wick at 1.0139 โ sellers active.
Now the price is consolidating around the $1 psychological level.
๐ Possible Scenarios
1๏ธโฃ Bullish Breakout
If there is a breakout at 1.015
Targets:
1.03
1.05
2๏ธโฃ Bearish Pullback
If the support at 0.998 breaks
Targets:
0.992
0.985
๐ฐ Possible Trade Setup
Entry Zone: 0.998 โ 1.004
TP1: 1.015
TP2: 1.030
TP3: 1.050
SL: 0.989
โ ๏ธ The $1 level is a psychological support, so a fast move can occur in either breakout or breakdown.
$SUI
#AaveSwapIncident
#BTCReclaims70k
Current Market Structure
Price: 1.0030
Resistance: 1.013 โ 1.018
Support: 0.998 โ 0.992
Trend: Sideways to slightly bullish
๐ Chart Observation
Price has taken a strong bounce from 0.9928.
Long upper wick at 1.0139 โ sellers active.
Now the price is consolidating around the $1 psychological level.
๐ Possible Scenarios
1๏ธโฃ Bullish Breakout
If there is a breakout at 1.015
Targets:
1.03
1.05
2๏ธโฃ Bearish Pullback
If the support at 0.998 breaks
Targets:
0.992
0.985
๐ฐ Possible Trade Setup
Entry Zone: 0.998 โ 1.004
TP1: 1.015
TP2: 1.030
TP3: 1.050
SL: 0.989
โ ๏ธ The $1 level is a psychological support, so a fast move can occur in either breakout or breakdown.
$SUI
#AaveSwapIncident
#BTCReclaims70k