$SUI just delivered a strong, decisive impulse move, cleanly breaking above the prior accumulation zone around 1.65 with expanding volume a clear confirmation of active capital inflow.
After pushing into the 1.95–2.00 supply area, price has now entered a corrective phase. Importantly, this pullback is structured and controlled, not impulsive or chaotic suggesting this is more likely a post-impulse pullback rather than distribution.
The 1.86–1.88 zone is currently acting as a short-term equilibrium, where price continues to react back and forth. This area is key for the next directional decision.
Key scenarios to watch
If SUI holds above 1.86 and forms a clear base, continuation toward a retest of 1.95–2.00 becomes highly probable.
A clean loss of 1.86 would weaken the short-term structure, signaling that the prior rally may require a deeper correction.
Below, 1.65 remains a major demand zone the origin of the previous breakout and is where strong buyer reactions are likely if price continues to retrace.
Current read
Higher-timeframe bias: Bullish
Current location: Mid-range, not an optimal FOMO zone
In strong uptrends, waiting for pullbacks beats chasing breakouts
Patience pays when structure is respected.
DYOR | NFA
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