SUI — The $3 Confluence Zone

1 Sep

For almost 2 months, SUI has been trading sideways in a range between $4 and $3. Today, price tapped the 0.618 Fib retracement ($3.115) of the entire move and bounced, giving a clean long trigger.

Looking ahead, the 1.0 trend-based Fib extension sits at $3.00 → a psychological key level in confluence with the 0.666 Fib retracement, making it the ideal long entry if price sees another drop.

🧩 Confluence Support Zone

• 0.618–0.702 Fib retracement → primary long entry range
  
• Trend-based Fib extension 1.0: $3.00
  
• 0.666 Fib retracement: overlapping $3.00
  
• 377 EMA (daily): $2.919
  
• 377 SMA (daily): $3.03
  

🟢 Long Trade Setup

• Entry Zone: $3.115 (0.618) → down to $3.00 (extension + retracement confluence)
  
• Best Entry: Around $3.00
  
• Stop-Loss: Below $2.80 (beneath 377 EMA support)
  
• Target: Range highs
  
• Potential Move: +50%
  
• R:R: 1:5+
  

🔍 Indicators used

• Multi Timeframe 8x MA Support Resistance Zones [SiDec] → to identify support and resistance zones such as the weekly 21 EMA/SMA.
  

➡️ Available for free. You can find it on my profile under “Scripts” and apply it directly to your charts for extra confluence when planning your trades.

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1 Sep

Nota

0.618 Fib +3% bounce: