SUI is showing signs of exhaustion after failing to convincingly reclaim recent highs. Today’s price action delivered a strong clue: a sweep of the key high at $4.274 followed by a sharp rejection — Swing Failure Pattern (SFP).
Momentum is fading as volume dries up, and bulls have lost control of major levels:
This suggests a deeper correction may be underway before SUI can attempt another leg higher.
📌 Liquidity & Fib Levels in Focus
There’s still significant liquidity resting below the $3.80 zone — and the market often seeks to sweep such areas before reversing. Taking the Fib retracement from the $3.12 low to the $4.2989 high, we can identify two critical zones for a potential long entry:
This level not only sits just below the $3.80 liquidity shelf but also provides a strong technical anchor. If SUI finds support here, it could offer a solid long opportunity.
🎯 Trade Setup from the 0.5 Fib ($3.7095)
Key Note: Watch the volume on the bounce — strong reaction = continuation potential; weak reaction = deeper retrace risk
🔸 Golden Pocket (0.618–0.666) Zone → $3.57-$3.52
If the 0.5 Fib bounce fails or lacks volume confirmation, price may dig deeper into the golden pocket — a historically strong reversal area. This zone becomes your next high-probability long setup to monitor.
🧠 Summary & Strategy
Let price come to you. Monitor reactions at each zone and don’t trade blindly into weakness. This is where patience and precision pay off. 💡
___________________________________
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Momentum is fading as volume dries up, and bulls have lost control of major levels:
- ❌ Yearly Open at $4.1225
- ❌ Weekly Level at $4.0921
This suggests a deeper correction may be underway before SUI can attempt another leg higher.
📌 Liquidity & Fib Levels in Focus
There’s still significant liquidity resting below the $3.80 zone — and the market often seeks to sweep such areas before reversing. Taking the Fib retracement from the $3.12 low to the $4.2989 high, we can identify two critical zones for a potential long entry:
- 0.5 Fib Retracement → $3.7095
This level not only sits just below the $3.80 liquidity shelf but also provides a strong technical anchor. If SUI finds support here, it could offer a solid long opportunity.
🎯 Trade Setup from the 0.5 Fib ($3.7095)
- Entry: Around $3.71
- Stop-Loss: $3.612
- Target 1: $3.90 → R:R ≈ 2:1
- Target 2: $4.587 (0.786 Fib Retracement) → R:R ≈ 9:1
Key Note: Watch the volume on the bounce — strong reaction = continuation potential; weak reaction = deeper retrace risk
🔸 Golden Pocket (0.618–0.666) Zone → $3.57-$3.52
If the 0.5 Fib bounce fails or lacks volume confirmation, price may dig deeper into the golden pocket — a historically strong reversal area. This zone becomes your next high-probability long setup to monitor.
🧠 Summary & Strategy
- SUI showed rejection via SFP at key high ($4.274)
- Lacking volume for immediate continuation
- Next key long opportunity: $3.71 (0.5 Fib), SL at $3.612
- If weak, watch $3.57 (golden pocket) as secondary entry
- R:R potential ranges from 2:1 up to 9:1 depending on bounce strength
Let price come to you. Monitor reactions at each zone and don’t trade blindly into weakness. This is where patience and precision pay off. 💡
___________________________________
If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
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🏆 Mastering Fibonacci for precision trading
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.