๐จ
$SUI Reversal Attempt โ Dead Cat Bounce or Real Recovery?
๐ Asset:
$SUI (1H)
๐ฏ Entry Zone:
0.75 โ 0.78
โ
Target 1:
0.85
โ
Target 2:
0.90
โ
Target 3:
0.95
๐ Stop Loss:
0.69
๐ Risk Reward:
~1:2.2
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๐ Why I'm Watching This Setup:
โข Price bounced cleanly from the 0.68 demand zone after a strong sell-off
โข Short-term momentum is shifting with higher lows forming
โข MA7 has crossed above price and acting as dynamic support
โข Still below MA25 & MA99 โ macro trend remains bearish
โข 0.85 zone is key resistance where sellers previously stepped in
โข Relief rally potential if buyers maintain pressure
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๐ Trade Thesis:
โข Strong rejection from 0.68 suggests buyers are defending this zone
โข Market structure shows early signs of a short-term reversal
โข Price is attempting to reclaim short-term moving averages
โข Liquidity likely sitting above 0.85 resistance
โข Break above 0.85 could trigger continuation toward 0.90+
โข Overall trend still bearish โ this is a counter-trend setup
โข Failure to hold 0.75 could lead to another leg down
โข Volume spike on the bounce hints at possible accumulation
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โ ๏ธ Risk Management:
Always manage risk. Markets can invalidate any setup. Never risk more than you can afford to lose.
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๐ฅ My Current Bias:
Short-term Bullish (Counter-trend)
Confidence:
Medium
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๐ Are you entering this trade or waiting for confirmation?
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