SUIUSDT.P Great follow-through from the mid-term support mentioned 2 days ago. If price forms a higher low within the range of the previous three days, pulling back slightly toward the rising EMAs, that could offer another opportunity to add to swing-long positions.
While many major altcoins showed strong upward momentum yesterday, Sui failed to generate a significant volume-driven breakout. One of the primary reasons was the presence of heavy whale sell orders in the $4.20–$4.25 zone. As shown on the chart, price left a wick at the top and pulled back slightly.
Technically, Sui has not yet completed a proper correction following its recent impulsive move. If a correction does occur, the first support level lies around $3.61 — approximately a 10% drop from current levels. This would be a healthy pullback, not a cause for panic.
If you use a stop-loss, honor it. If not, make sure you have sufficient capital to average down in case of a deeper retracement.
If another impulsive leg is to come, $4.25 will again be a critical resistance area, still stacked with whale orders.
SUIUSDT.P Great follow-through from the mid-term support mentioned 2 days ago. If price forms a higher low within the range of the previous three days, pulling back slightly toward the rising EMAs, that could offer another opportunity to add to swing-long positions.
