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SUI / TetherUS
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SUI/USDT --> Two-Step Setup: Retest QML, Then Rally

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Hello guys!

Short version first: I expect a pullback to the QML (3.30–3.45), then a bounce that resumes the upside toward 3.80–3.90 (and potentially higher if momentum continues).

  • Why this makes sense (the plan):

  • Step 1 --> Pullback to QML:
Price broke the long descending trendline and impulsed higher, but the move is showing a normal two-leg structure: first leg up, now a corrective leg down. The green QML box (3.30–3.45) is the nearby demand zone and the most logical place for buyers to re-enter.

  • Step 2 --> Bounce & continuation:
If the QML holds and we get a bullish rejection (pinbar, engulfing, clear wick rejection, or a nice bullish close), the most likely path is a continuation back toward the recent supply area — 3.80–3.90 as the first meaningful resistance. If momentum keeps, extensions toward the next structural highs become possible.

Final note
This is a two-step game: first, the retest, then the real trade. Don’t chase the breakout now; patience at the QML will give a cleaner, higher-reward setup.
Trade closed: target reached
The short position hit the target

snapshot
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Beyond Technical AnalysisSUIsuianalysisSUIUSDsuiusdsignalssuiusdtsuiusdtperpTrend Analysis
melikatrader94
🟢 Telegram channel: t.me/melikatrader94

🔴 Forex channel: t.me/melikatrader94GoldForex

🟢 ADX & DFM channel: t.me/ADXandDFM

🔴 Tiktok: tiktok.com/@melikatrader94?is_from_webapp=1&sender_device=pc
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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.