Eyeing a $SUI

SUI

0.9714

-0.24%

Bounce After a Sharp Decline 📉

SUI has taken a significant hit recently, but the sell-off is now testing a clear area of local support. This is a level where buyers have historically stepped in, making a relief rally a strong possibility from here.

I'm watching for a long entry between $0.93 and $0.95. To manage risk tightly, I’d place a stop loss just below the support zone at $0.915. A break below that suggests the downward momentum isn't finished.

On a bounce, my initial target is $0.98, near the first minor resistance. A stronger move could push toward $1.00, a key psychological level. The final and more ambitious take-profit is set at $1.03, which would represent a solid recovery of recent losses.

Remember: This is a counter-trade looking for a short-term rebound. Always align any trade with your own risk management.

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