$SUI - Daily EMA200 Rejection

tapped the daily resistance around the $1.40s region, which also lines up with the daily EMA200. Initial reaction here is a rejection, which makes sense since it’s the first test of that level after the impulsive move up.

Right now, price looks likely to retest the $1.15–1.10 area, which sits around the previous breakout zone and local support. As long as that region holds, we could see a shallow bounce back toward $1.30–1.35.

If price gets rejected again on that bounce, then I’d expect a move back into the psychological $1 area. That zone will be important to watch for either:

* a breakout + retest confirmation
* or a clean S/R flip into support

Overall structure still looks constructive for now, but bulls probably need to reclaim and hold above the EMA200/daily resistance to open up continuation higher.

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