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.
İşlem aktif
1st Trade Zine reached
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.