SUI has once again delivered a textbook display of wave structure, Fibonacci precision, and anchored VWAP interaction. After finishing Wave 4, price surged upward, tagging key fib levels and now consolidating at a critical decision point. The next high-probability trade opportunity is forming — and it’s one worth watching closely.
📈 Recap of the Current Move
After completing Wave 4, SUI surged right into the golden pocket — the 0.618 Fibonacci retracement of the entire 90-day downtrend (measured from the $5.3687 high to the $1.7174 low). That golden 0.618 sits at $3.9739, with price currently hovering just below at around $3.965.
In our previous analysis, we noted SUI’s tendency to respect trend-based Fib extensions. That pattern is holding beautifully.
Projecting from Wave 1 to Wave 2 of the current impulse wave, price once again nailed the 2.618 Fib extension — at exactly $4.10. That extension aligned perfectly with the 0.65 retracement of the 90-day wave at $4.0907, forming a significant resistance confluence.
2.618-1.618 fib: https://www.tradingview.com/x/VcuPJOh4/
The result? A healthy ~7% rejection, pulling SUI back into a support zone formed by three previously broken swing highs — $3.875, $3.8121, and $3.7666 — now acting as support.
🔺 Wave 4 Structure: Triangle Formation & Key Retest Levels
SUI has now been consolidating for ~1.5 days, and price structure shows a developing triangle — a classic Elliott Wave Wave 4 pattern.
But while triangles often resolve higher, we can’t ignore the Fibonacci roadmap:
So, despite the bullish triangle breakout potential, there’s still a high likelihood that price dips slightly to retest the 1.618 Fib zone at $3.76–$3.77.
📊 Anchored VWAP Confluence: Even More Support
To further strengthen this thesis, we’ve anchored VWAP from the recent swing low at $3.12. That VWAP (yellow line) now sits at $3.745 — just beneath the 1.618 Fib and in perfect confluence with the swing high cluster.
This creates a tight demand pocket between $3.74 and $3.77, where four technical tools align:
→ 1.618 trend-based Fib extension
→ Anchored VWAP from $3.12
→ Broken swing highs now acting as support
→ 0.382 Fib Retracement of Wave 3
This is where smart money looks to accumulate — not at the top of the triangle, but where liquidity gets transferred.
🧠 Outsmarting the Crowd: Trap & Trigger
Many breakout traders are positioning within the triangle, with stop-losses just beneath. If price dips into the $3.74–$3.77 range, it would sweep those stops and fill orders from traders waiting patiently at this confluence.
This creates a classic “switching hands” moment: breakout longs are stopped out, and Fibonacci-aligned buyers step in just as price hits the sweet spot.
To be part of the 1% in trading, you need to be thinking one step ahead — not where price is now, but where it needs to go to trap the many and reward the few.
🎯 Long Trade Setup
Entry Zone:
Stop-Loss Options:
Targets:
R:R Potential:
📆 Weekend Trading Note
We’re currently in weekend session flow — often thinner liquidity and more prone to wicks. While the structure is strong, wait for confirmation and avoid FOMO entries at the top of the triangle.
✅ Wrapping It Up
SUI remains in a clean, bullish market structure and continues to respect Fibonacci and trend-based extensions to the letter. With price above key swing highs, holding structure, and anchored VWAP adding confluence, the $3.74–$3.77 zone is setting up as a high-probability entry for the next wave.
Smart money doesn’t chase — it anticipates. Be the 1% who sees beyond the triangle and understands where the real opportunity lies.
Happy Trading!
___________________________________
If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
📈 Recap of the Current Move
After completing Wave 4, SUI surged right into the golden pocket — the 0.618 Fibonacci retracement of the entire 90-day downtrend (measured from the $5.3687 high to the $1.7174 low). That golden 0.618 sits at $3.9739, with price currently hovering just below at around $3.965.
In our previous analysis, we noted SUI’s tendency to respect trend-based Fib extensions. That pattern is holding beautifully.
Projecting from Wave 1 to Wave 2 of the current impulse wave, price once again nailed the 2.618 Fib extension — at exactly $4.10. That extension aligned perfectly with the 0.65 retracement of the 90-day wave at $4.0907, forming a significant resistance confluence.
2.618-1.618 fib: https://www.tradingview.com/x/VcuPJOh4/
The result? A healthy ~7% rejection, pulling SUI back into a support zone formed by three previously broken swing highs — $3.875, $3.8121, and $3.7666 — now acting as support.
🔺 Wave 4 Structure: Triangle Formation & Key Retest Levels
SUI has now been consolidating for ~1.5 days, and price structure shows a developing triangle — a classic Elliott Wave Wave 4 pattern.
But while triangles often resolve higher, we can’t ignore the Fibonacci roadmap:
- The 1.618 trend-based Fib extension (drawn from Wave 1 → Wave 2) sits at $3.7619.
- This level aligns almost perfectly with the key swing high at $3.7666.
- In the previous Wave 3–4 sequence, price also retested the 1.618 extension — a pattern that could repeat now again.
So, despite the bullish triangle breakout potential, there’s still a high likelihood that price dips slightly to retest the 1.618 Fib zone at $3.76–$3.77.
📊 Anchored VWAP Confluence: Even More Support
To further strengthen this thesis, we’ve anchored VWAP from the recent swing low at $3.12. That VWAP (yellow line) now sits at $3.745 — just beneath the 1.618 Fib and in perfect confluence with the swing high cluster.
This creates a tight demand pocket between $3.74 and $3.77, where four technical tools align:
→ 1.618 trend-based Fib extension
→ Anchored VWAP from $3.12
→ Broken swing highs now acting as support
→ 0.382 Fib Retracement of Wave 3
This is where smart money looks to accumulate — not at the top of the triangle, but where liquidity gets transferred.
🧠 Outsmarting the Crowd: Trap & Trigger
Many breakout traders are positioning within the triangle, with stop-losses just beneath. If price dips into the $3.74–$3.77 range, it would sweep those stops and fill orders from traders waiting patiently at this confluence.
This creates a classic “switching hands” moment: breakout longs are stopped out, and Fibonacci-aligned buyers step in just as price hits the sweet spot.
To be part of the 1% in trading, you need to be thinking one step ahead — not where price is now, but where it needs to go to trap the many and reward the few.
🎯 Long Trade Setup
Entry Zone:
- $3.77 preferred
- Laddered from $3.76–$3.74
Stop-Loss Options:
- Tight: Below $3.70 (2% buffer)
- Loose: Below $3.52 (golden pocket of previous Wave 3)
Targets:
- Conservative: $4.28
- Primary: $4.41
- Aggressive Extension: $4.5873 (0.786 retracement of full 90-day move)
R:R Potential:
- Tight SL: ~2.5:1
- Loose SL: 6:1+
📆 Weekend Trading Note
We’re currently in weekend session flow — often thinner liquidity and more prone to wicks. While the structure is strong, wait for confirmation and avoid FOMO entries at the top of the triangle.
✅ Wrapping It Up
SUI remains in a clean, bullish market structure and continues to respect Fibonacci and trend-based extensions to the letter. With price above key swing highs, holding structure, and anchored VWAP adding confluence, the $3.74–$3.77 zone is setting up as a high-probability entry for the next wave.
Smart money doesn’t chase — it anticipates. Be the 1% who sees beyond the triangle and understands where the real opportunity lies.
Happy Trading!
___________________________________
If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
Order cancelled
Unfortunately, price didn’t quite make it into the ideal buy zone. Bulls stepped in earlier and now we see a breakout attempt. With that move, the original trade setup is now invalid. On to the next opportunity! =)
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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.
🏆 Mastering Fibonacci for precision trading
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
Related publications
Disclaimer
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.