📉 $SUI PULLBACK TO SUPPORT - WATCH FOR BOUNCE
SUIUSDT is down -5.37% today, pulling back from 0.9670 high. Price is testing support near 0.9038 with volume above average. Order book shows strong bids - dip buyers are active.
🔍 Key Levels:
Current: 0.9038
Resistance: 0.9477 / 0.9670
Support: 0.8841 (24h low) / 0.8596 / 0.8361 (SUPERTREND)
📊 Volume Analysis:
Vol (53.7M) > MA5 (38M) & slightly below MA10 (45.5M)
Healthy volume on pullback - not panic selling
📊 Order Book Insight:
56.35% Bids vs 43.65% Asks
Strong bid support below current price
📈 Performance:
7D: +3.33% (holding gains despite today's drop)
Long-term still bearish (-73% 180D)
🎯 Trade Plan (LONG on support):
Entry Zone: 0.8900 - 0.9000
Target 1: 0.9300
Target 2: 0.9600
Stop Loss: 0.8700
💡 Why Long?
- Price holding above SUPERTREND (0.8361)
- Strong bid support in order book
- 7-day performance still positive
- Pullback to demand zone with healthy volume
⚠️ Risk Management:
Wait for bullish candlestick confirmation. This is a counter-trend trade against long-term downtrend - use smaller size. If price breaks below 0.8700, invalidate.
Buying the $SUI dip or waiting for lower? Drop your strategy 👇
