SUI – Long Trade Setup After Trend Reversal

SUI has broken out of its downtrend, hitting all prior upside targets and now pulling back toward a key support area and the 200-day EMA, potentially forming a higher low—an ideal spot for re-entry.

🔹 Entry Zone:

Around $2.80

🎯 Take Profit Targets:

🥇 $3.40 – $3.60

🥈 $4.00 – $4.20

🥉 $5.00 – $5.20

🛑 Stop Loss:

Daily close below $2.20

📌 Strategy Notes:

Look for bullish confirmation (e.g., wick rejections, bullish engulfing candle) near $2.80

Structure remains intact as long as price holds above $2.20

EMA retests often precede strong continuation if trend strength remains