Suiprice — Trading Ideas on TradingView

SUI: Closing in on the Target Zone?SUI should continue closing in on our blue Target Zone between $2.27 and $1.72. We expect blue wave (ii) to complete there, ideally above support at $2.02, before the next move higher kicks off in wave (iii). However, because the June 22 low came within just $0.03 of our zone, we must consider the possibility that blue wave alt.(ii) has already concluded. In that case, a direct breakout above resistance at $3.60 could follow (33% probability). 📈 Over 190 precise analyses, clear entry points, and defined Target Zones - that's what we do.

SUI: Toward All-Time Low?SUI broke the support at $1.97 and tested it once again from below with yesterday's brief countermovement. It should now proceed downward so that the turquoise corrective wave 2 can be properly completed. Subsequently, the turquoise impulse wave 3 should provide new upward momentum, racing toward new all-time highs. The resistance at $5.36 should only be a milestone.

SUI hints at a local growth wave - long trade #2 Hello colleagues! It's time for the second potential trade that we are planning to implement. This is a long on the cryptocurrency SUI. Unfortunately, we did not manage to execute the first trade , as the price of BTC started to fall sharply without us. On 17 August, the SUI cryptocurrency updated its local low. The update of the local low occurred on increased volumes. The latest wave of decline in SUI has "resurrected" buyers, who have organised a good rebound to the $0.56 range. We would like to pay special attention to the local wave of decline from 20 to 22 August. This wave of decline was on good volumes. However, sellers were unable to push the price below the previous local low of 10 June. This is a good signal that a large buyer is ready to keep the price of SUI up at least in the short term. Another good signal is the active rebound of the SUI price after the $0.51 test. Taking these arguments into account, we want to enter a long trade for SUI: Enter = 0.5204 - this is the range where the position was entered. If the price is to rise, it should not fall below this range. Stop = 0.5039 (-3.2%) - in our opinion, it makes no sense to keep SUI below this level TP = 0.612 (+ 17.6%) - The price of SUI may not rise above this liquid zone at first. P/L ratio = 5.5 We also allocate $10,000 for this trade . In case of a mistake, our loss will be $320, and in case of trade execution, our profit will be $1760. What do you think of this trade? How do you see the situation with SUI? Write in the comments below our forecast

SUI price. What are the prospects: buy, sell or wait?Hype project SUI Please write in the comments why it is interesting to you? Currently, 6% of the maximum possible number of coins are circulating on the market. On the one hand, while the number of coins on the market is still small, it is cheaper to organize a "pump". On the other hand, when many coins are put on the market, there will be a lot of pressure on the price. This is the basis of the "law of supply and demand". The unlocking schedule: - early July +0.6%. - beginning of August +0.7% - beginning of September +0.7% - beginning of October +0.8% - beginning of November +22% In other words, theoretically, the highest chance of a pump in the SUI price is before November 2023. But first, two obstacles need to be overcome: the trend line of recent months is around $0.90 a powerful liquidity zone of $1-1.20, where a month ago users were actively buying SUI in anticipation of growth, but the SUIUSDT price had other plans and dropped by more than 2 times. Therefore, it is very likely that there will be active sales in this liquidity zone by those who want to "break even", as human psychology works. Based on the above assumptions, "the active pumping" of the SUIUSD price has a chance to develop only after the price is firmly established above $1.20 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more