SUI Set for a 30% Move? Key Trade Setup Inside

SUI/USDT is displaying a strong bullish recovery pattern on the daily chart. The pair has formed a textbook V-shaped reversal, bouncing sharply from the Support Level 2 at $1.7169. The trend has shifted from bearish to bullish, supported by the Auto Trend Line indicator which confirms the uptrend.

🔵 Bullish Structure Highlights
• Price has broken above the intermediate Support Level at $3.1691, converting it into a potential support zone.
• Current price action is hovering around $4.01, with bullish momentum aiming toward the ATH Resistance at $5.38.
• The sharp upward leg is part of a clear V-shaped recovery, suggesting a continuation toward previous highs.

🟢 Trade Setup (Bullish Swing Trade)
Trade Element Level (USD)
Entry Zone $3.73 – $4.01
Stop Loss $3.71
Take Profit $5.38
Risk:Reward ~4.6 R:R (approx.)

📌 Rationale
• The price is approaching a key psychological level and former resistance zone at $5.38, making it a logical profit target.
• A tight stop-loss at $3.71, just below recent consolidation, helps manage downside risk.
• The trend structure supports a bullish continuation pattern, likely driven by breakout traders.

⚠️ Risk Consideration
• If price closes below $3.71, the bullish structure may break down, invalidating the setup.
• Traders should always assess market conditions and manage leverage appropriately.