SUIUSDT HOLDING STEADY - BIG MOVE AHEAD?

May 13

Symbol - SUIUDST

SUIUSDT has entered a consolidation phase within the broader context of an emerging bullish trend. Current price action highlights a zone of interest and a potential trigger area that merit close monitoring.

Market sentiment toward SUIUSDT remains constructive. The formation of a rising trend is being reinforced by Bitcoin's ongoing strength and a relatively supportive macro and fundamental backdrop.

From a technical perspective, SUIUSDT is consolidating within a range bounded by resistance at 4.1100 and support at 3.8110 Notably, a substantial liquidity pool exists below the 3.8110 support level, which has yet to be tested. This suggests a high likelihood of a false breakdown occurring before a potential continuation of the upward trend. However, should bullish momentum accelerate, buyers may defend current levels more aggressively, potentially leading to a breakout above the 4.1100-4.2750 resistance zone and subsequent price stabilization above those levels - indicating further upside potential.

Key Support Levels: 3.8110, 3.6670
Key Resistance Levels: 4.1100, 4.2750

The broader cryptocurrency market, led by Bitcoin, appears to be undergoing a liquidity gathering phase as part of a local correction within a bullish trend structure. While a brief wave of liquidations occurred yesterday, there is currently no substantive evidence of a broader market downturn. In an ideal technical scenario, SUIUSDT could retest support around 3.8110, form a false breakdown, and subsequently resume its upward trajectory.

May 14

Trade active

CMP 3.8700

Long position initiated.

May 15

Note

CMP 3.7300

Adding more position here. Holding with SL 3.5450

May 18

Trade closed manually

SUIUSDT went sideways. Trade closed in small profit near cost.