SUIUSDT has shown impressive strength, bouncing back with solid volume after hitting a major weekly support level. This bullish reaction suggests a potential move toward higher highs, making it an attractive opportunity for long-term investors. Entering a position in the spot market and holding for the long term could yield significant gains.
On the 4-hour chart, SUI is forming an ascending triangle pattern. After breaking out, it has successfully retraced and is now gearing up for a strong swing move. Traders can consider entering at this level and look to book profits as the price climbs higher. As always, managing risk with a proper stop loss is crucial.
SUIUSDT Currently trading at $2.4 Buy level : Above $2.4
Stop loss : Below $2.15
Target : $3.5
Max leverage 3x
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.