#SUI reaches the stage resistance zone📊#SUI reaches the stage resistance zone ✔️
🧠From a structural point of view, after we break through the neckline resistance zone at the daily level, the neckline resistance zone turns into a support zone, and a new bullish structure is established. We have now reached the stage resistance zone, and we need to be alert to the occurrence of a pullback.
➡️The overall trend belongs to a bullish trend, so no matter how it rises, it is reasonable. The best transaction is to go long after the pullback. If the pullback does happen, then the support zone that can be paid attention to is the neckline support zone
Let's see👀
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BINANCE:SUIUSDT
SUIUSDT trade ideas
$SUI WARNING: pump then dumpNYSE:SUI is experiencing a significant pump due to BlackRock's announcement of a specific NYSE:SUI trust fund. However, on August 3rd (and on the 3rd of every month until January 2025), NYSE:SUI will undergo a large token unlock for their Series B and C investors.
The concern is that there was no immediate impact from this token unlock, suggesting that the VCs may be waiting for retail investors to FOMO into NYSE:SUI following the BlackRock announcement before they dump their coins.
Once the FOMO cools down, it's likely that the VCs will sell, which could cause the price to drop.
NYSE:SUI is currently in a downtrend, forming a falling wedge pattern due to the monthly token unlocks that began in July 2024. The upcoming inflation will be difficult for the market to absorb. The token unlocks will slow down in January 2025.
DYOR
Here I buy SUI at $2.50Here I buy SUI at $2.50
And I'm starting to buy this one with market orders at $2.50
I'm swalloing all sell orders starting from $2.50
And SUI supply shock is happening before your eyes.
Remember: Action takers are money makers. Supply shock is my narrative
I know you're here for the technology, but I'm here for the money. Switching your mindset from ''I hope I can do this'' to ''I'm going to make this sh# NYSE:T happen'', is a game changer
And now that you're still in denial, you're gonna hear my voice when I shout it out loud
It's bull maaaaarket it's now or never
It ain't gonna last forever
my buys are like an open HIGHWAY
like frankie said I did it MY WAY
I just want to buy while I'm alive.
CRYPTOCAP:SUI #SUI
Cup and handleSUI about to go on a run!
We need to close above 2.37 resistance and we are looking good.
Crypto as a whole is bullish after US election, so this shouldn't be too hard to achieve in the near term.
As for 1st TP, we're looking at FIB 1.6 extension (~3.57) as we're at ATH and there's no resistance above current.
Buckle in!
SUI Short-Term Drop 5X SHORT—276% PotentialWe are looking at the final correction of 2024. This is an assumption but an educated one, it is based on the data (information) coming from the charts.
In October, SUI produced a lower high that turned into a double-top and finally a higher high compared to March 2024.
The orange line is the resistance line for the top pattern. Below this line ultra-bearish. The bearish potential remains active even above it but below it you can go in full force.
Full trade-numbers below:
___
SHORT SUIUSDT
Entry levels:
1) $2.25
2) $2.05
3) $1.90
Targets:
1) $1.80
2) $1.69
3) $1.56
4) $1.42
5) $1.28
6) $1.20
7) $1.03
8) $0.97
8) $0.88
Stop-loss:
Adjust to your own risk tolerance
Potential profits: 376%
Capital allocation: 4%
___
Disclaimer: You are a human being and you are special in the sense that you have free will. You are reading this now out of your own volition. You can choose to read or not to read, you can choose to eat or not to eat. Whatever action we take is up to us.
I am sharing these numbers for learning and entertainment purposes, I cannot guarantee any results. Market conditions can always change.
If something goes bad, this can result in a loss.
If the market moves as I see it, this can result in a win, for me... Win or loss for you will depend on what you choose.
This is not financial advice.
Thanks a lot for your support.
Namaste.
SUI on the Edge: Will Key Resistance Levels Spark a Breakout?BINANCE:SUIUSDT is showing critical formations on the 1-hour chart, with indicators reflecting cautious optimism. Recent closing prices indicate a moderate uptrend, but resistance levels at $2.3123, $2.3127, and $2.3424 could challenge further gains.
🔹 Support Levels: Key supports are at $2.2487, $2.2355, and $2.2231. A drop below $2.2487 may signal a bearish shift, while these levels could serve as entry points for long trades if oversold conditions arise.
🔹 EMA Insights: The 9 EMA and 20 EMA are closely aligned, suggesting consolidation. A crossover above the 20 EMA could confirm bullish momentum, but current proximity indicates trader hesitation.
🔹 MACD & RSI: The MACD remains bearish, but a convergence could signal a potential bullish shift. The RSI is neutral, hovering around 51.50, indicating balanced price action.
SUIUSDT Long Setup Setting / Quick tradeBINANCE:SUIUSDT
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status🙂
👾Note: The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone: 1.872-2.1035
⚡️TP:
1.9517
2.02
2.1035
🔴SL:
1.7654
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
#SUI/USDT#SUI
The price is moving in a descending channel on the 1-hour frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 1.87
Entry price 1.91
First target 2.00
Second target 2.05
Third target 2.14
#SUI/USDT#SUI
The price is moving in a descending channel on the 1-hour frame
And it is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 1.95
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 2.03
First target 2.13
Second target 2.23
Third target 2.35
#SUI/USDT
#SUI
The price is moving in a descending channel on the 4-hour frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 1.70
Entry price 1.79
First target 1.88
Second target 2.03
Third target 2.16
#SUI/USDT#SUI
The price is moving in a descending channel on the 1-hour frame upwards and is expected to continue.
We have a trend to stabilize above the moving average 100 again.
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards.
We have a support area at the lower limit of the channel at a price of
1.89
Entry price 1.89
First target 2.00
Second target 2.08
Third target 2.14
Lingrid | SUIUSDT continues to CONSOLIDATE after SURGEThe price perfectly fulfills my last idea. It hit the target level. BINANCE:SUIUSDT is currently consolidating around the round number of 2.00. It may continue moving sideways, particularly after the recent fake breakout of the all-time high level formed in March. If you zoom out, you can see that the price action is forming a triangle pattern. I believe there is a possibility that the price may retest the 1.50 support level, which would be a healthy pullback that could lead toa new higher highs. Given that the market is moving sideways, I expect it to retest the recent support level from the psychological level at 2.00. My goal is support zone around 1.7450
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Alikze »» SUI | Descending channel - 4H🔍 Technical analysis: Descending channel - 4H
- It is moving in a descending channel in the 4-hour time frame.
- Currently, the supply area is facing sales pressure.
- According to the correction structure in the 4-hour time frame, if there is no ability and stabilization above the number 1.95, the correction will continue until the area of 1.56.
- The 1.56 range can have short-term targets of 1.66 and 1.75 if it meets demand.
- In addition, in case of selling pressure in the range of 1.75, the correction will extend to the green box.
💹 Support zones in the case of extension of the correction log: 1.30 - 1.23 - 1.13
💎Alternative scenario, if it can consolidate above 1.95, could have short-term targets of 2.14 and 2.34.
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Alikze.
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BINANCE:SUIUSDT
Simple Analysis of SUI/USDT Movement Based on the ChartSimple Analysis of SUI/USDT Movement Based on the Chart
The chart shows that SUI is trading near a strong ascending trendline, which increases the likelihood of an upward bounce from this level.
Support and Resistance Levels:
Main Support: $1.8041, which serves as a key support area for a potential price rebound.
First Target: $2.2240, indicating a potential increase of 70%.
Higher Potential Target: $3.0683 if the uptrend continues.