$SUI Update: Range-Fade Opportunity
SUI is currently showing a range-bound behavior, rotating near its recent highs without any clear breakout. This suggests the market is in a state of balance rather than trending strongly.
Trading Bias: SHORT
Entry Zone: $1.84 – $1.88
Stop-Loss: $1.91 (above the range high and prior rejection)
Take Profit Levels:
TP1: $1.80
TP2: $1.75
TP3: $1.70
The market has repeatedly failed to push above key levels, and the current upward move lacks momentum. As long as
$SUI remains rejected below $1.90, fading the range highs presents a favorable risk/reward scenario.
✅ Key Insight: Acceptance above $1.90 would invalidate this setup, so traders should watch this level closely.
SUI is showing classic range-trading behavior—patience and proper risk management are key. By taking advantage of the market’s current balance, you can optimize entries and exits with clarity.
Trade
$SUI wisely 👇
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