SUI / TetherUS

SUI/USDT - Market Structure

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Price is attempting a reversal via a double bottom.
The key resistance at the moment is the prior low zone at $1.70–1.90.
RSI is also capped near the 50 level, preventing a move into bullish territory.

On the weekly chart, the only potential reversal signal so far is extreme RSI oversold conditions — no other confirmations yet.

Current structure allows for a long setup with clearly defined risk:
— stop-loss below $1.50.

Since price is trading inside a channel, the majority of the position should be taken off just below the channel midline.

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