Trendline vs. Resistance — SUI’s Battle on the 15-Minute Chart

SUIUSDT
📊 Cycle Structure:

HWC (Higher Wave Cycle): Bullish 🔼

MWC (Middle Wave Cycle): Bearish 🔽

LWC (Lower Wave Cycle): Bullish 🔼

📌 This mixed structure creates a conflicting environment — higher timeframe trend is bullish, but MWC acts as a drag, preventing smooth upward momentum.

📉 Market Structure:

Currently, price is consolidating with a slight bullish tilt. BTC itself is in a very uncertain state, but its cycles are still bullish — meaning SUI might act unpredictably.

We’re looking at two main setups here:

Long Entry: On clean breakout of key resistance.

Short Entry: On breakdown of the descending trendline.

🔸 The 15M descending trendline has already seen 6 touches.
✅ A breakdown could trigger a short setup — but since it's on a low timeframe, don’t expect a massive dump.

🎯 First TP zone for shorts: the 32540 support — a solid zone for partial profit-taking.

🟢 My Personal Preference — Long Bias:

I'm leaning toward the long side for a few reasons:

HWC and LWC are both bullish.

BTC.D just rejected hard from its channel top — signaling altcoins like SUI may perform better.

🔹 32695 has seen 3 touches already, with the third one being a fakeout.
✅ If we see weak selling pressure and strong volume on the next touch, it can be a valid long trigger.

🎯 Potential upside target: the 35135 resistance zone — where a decent reaction is expected.

📌 Want a specific coin or pair analyzed? Drop it in the comments — I’ll pick a few and break them down.

⚠️ Without proper risk management, you're just a ticking time bomb.
— PXA | Structure-Based Precision Trading