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