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$SUI – The Bulls aim to bounce back after the correction.
After a strong growth phase, $SUI has undergone a short-term correction, bringing the price back to an important support zone. However, the current price action shows that the buying side (Bulls) is ready to return to the game, opening up an opportunity to bounce back in the short term.
📈 Technical analysis:
• The support zone of 3.50 – 3.55 is acting as the main support point for the price. This is the area of convergence of the upward trendline and the previous accumulation zone, helping to limit risks for investors when participating.
• The trading volume is showing signs of gradually increasing again, reflecting the market's confidence in the ability to continue the upward trend.
• If buying power remains stable, $SUI could completely aim for the nearby resistance zones, setting the stage for a more sustainable bounce back.
🚀 Reference trading strategy:
• Entry Zone (: 3.50 – 3.55
• Target 1 )TP1(: 3.65 – This is a short-term resistance area where investors can take some profits to reduce risk.
• Target 2 )TP2(: 3.72 – If buying pressure persists, the price may break out stronger and move up to this area.
• Target 3 )TP3(: 3.85 – This is an important resistance level, as well as the expected target of the bounce back.
• Cut loss )SL(: 3.45 – Below this level, the short-term increase scenario will be denied.
👉 Conclusion
With the support range of 3.50 – 3.55 held steady and signs of capital flow returning, $SUI is showing opportunities to bounce back after adjustments. Investors need to be patient, adhere to risk management strategies, and monitor price reactions at important resistance levels to optimize profits.