SUI has slipped below the lower boundary of the range from my previous 4H idea.
I’m currently out of the position, with no limit orders placed.
📊 The zones I’m watching
The previous range support around $1.139 is the first level to reclaim. Above it, the marked imbalance/supply area around $1.18–$1.21 could become a sell zone on a recovery.
My working scenario is a relief bounce toward that area, followed by another leg lower if sellers defend it. The path drawn on the chart illustrates that possibility; price does not have to follow it.
The first buy zone of interest sits around $1.00–$1.03, near the base of the previous sharp move higher. Reaching that zone would get my attention, but I still want to see buyers defend it.
🌍 Fundamentals
Sui Foundation’s October 8 announcements include a planned Samsung Wallet integration for USDC on Sui & a Hashi rollout expected later this month, backed by more than $500 million in capital commitments.
My next move
In my view, BTC selling pressure has not clearly exhausted itself yet. Before considering another SUI entry, I want to see BTC stabilize and SUI show a convincing reaction at support.
A sustained 4H reclaim of $1.21 would challenge the bounce-then-decline scenario.
For now, I’m staying flat and letting price develop.
I’m currently out of the position, with no limit orders placed.
📊 The zones I’m watching
The previous range support around $1.139 is the first level to reclaim. Above it, the marked imbalance/supply area around $1.18–$1.21 could become a sell zone on a recovery.
My working scenario is a relief bounce toward that area, followed by another leg lower if sellers defend it. The path drawn on the chart illustrates that possibility; price does not have to follow it.
The first buy zone of interest sits around $1.00–$1.03, near the base of the previous sharp move higher. Reaching that zone would get my attention, but I still want to see buyers defend it.
🌍 Fundamentals
Sui Foundation’s October 8 announcements include a planned Samsung Wallet integration for USDC on Sui & a Hashi rollout expected later this month, backed by more than $500 million in capital commitments.
My next move
In my view, BTC selling pressure has not clearly exhausted itself yet. Before considering another SUI entry, I want to see BTC stabilize and SUI show a convincing reaction at support.
A sustained 4H reclaim of $1.21 would challenge the bounce-then-decline scenario.
For now, I’m staying flat and letting price develop.
Zlecenie aktywne
1st Trade Zine reached
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.