tradesetup

After a strong sell-off, price is now sitting on a key demand area where market often starts building positions while retail panic sells.
📌 Market Structure
$SUI remains in a bearish short-term structure, but the current leg down is also creating a high-interest reaction zone:
Major sell-side liquidity has been taken below recent lows.
Price is now stabilizing, suggesting possible absorption.
The next move depends on whether SUI can reclaim key intraday supply.
🔥 Key Levels to Watch
✅ Support / demand zone: $1.35–$1.38
✅ Intraday resistance: $1.45
✅ Higher resistance / reclaim level: $1.50
🎯 2 Setups
✅ Setup 1: “Sweep & Bounce” (Long scenario)
Idea: market grabs liquidity → quick rebound after the flush.
Trigger confirmation:
Price holds above $1.35–$1.38
Strong bullish push + reclaim of $1.40–$1.42
Targets:
$1.42
$1.45
Extension: $1.50
❌ Setup 2: “Dead Cat Bounce” (Short scenario)
Idea: dump → weak bounce → continuation lower
Trigger confirmation:
Retest rejection around $1.39–$1.41
Bearish displacement back down
Targets:
$1.35
Extension: $1.30
💬 Do you think this SUI move is a bear trap before a bounce — or the start of a deeper breakdown?
⚠️ Disclaimer
This content is for educational purposes only and is not financial advice. Crypto markets are highly volatile — always manage risk and trade responsibly.