SUI Hits Key Liquidity Zone After – Correction Ahead?

SUI has been climbing steadily inside a well-structured ascending channel for the past few weeks. The recent breakout above the $4.30 resistance zone – which was a key liquidity level – seems to have swept stop-losses and trapped late buyers.

🔎 Here's what we're watching:
- Price broke out of the ascending channel briefly and rejected from the upper parallel.
- The breakout above $4.30 was likely a liquidity grab (buy-side liquidity taken).
- Price is now pulling back, showing signs of distribution below resistance.

📉 Expecting a correction toward the lower channel line as price seeks rebalancing.

🧠 Strategy Notes:
- No reason to long here unless price reclaims $4.35 with volume.
- Ideal buy zone is near the midline or lower channel.
- A break below the channel could signal deeper correction toward $3.60 or lower.

📊 Always respect risk – don’t chase after price in these zones.

📡 Analysis by CryptoPilot – navigating the market with precision.

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