📈 Trade Setup – ($SUI /USDT)
🟢 Entry Zone: $1.70 – $1.95
🎯 TP1: $2.30
🎯 TP2: $2.80
🎯 TP3: $4.20
🔴 Stop Loss: $1.45
Risk / Bearish Considerations
Altcoins including SUI can remain range‑bound for long periods if broader market lacks strong drivers.
Break below the entry zone likely weakens structure and may test deeper support zones.
Broader macro sentiment and $BTC direction heavily influence altcoin trends.
📉 Technical & Sentiment Notes
Bullish / Neutral Points
SUI recently formed a demand zone around ~$1.6–$2.0, a common base region before larger moves.
Some analysts have viewed this region as a re‑accumulation area — indicating buyers defend below current price.
Risk / Bearish Considerations👇
Altcoins including SUI can remain range‑bound for long periods if broader market lacks strong drivers.
Break below the entry zone likely weakens structure and may test deeper support zones.
Broader macro sentiment and BTC direction heavily influence altcoin trends.
📌 Key Levels to Monitor
🔹 Support: $1.70 / ~$1.60
🔸 Resistance: ~$2.30 / ~$2.80
🔸 Higher Resistances: > $3.50 (previous higher range)
Why this setup:
✔ Current price has found support above key demand levels.
✔ Entry near consolidation gives good risk/reward.
✔ Targets align with likely resistance zones and historical levels.
✔ Stop below support protects against deeper breakdowns