Prediction for SUI and Recommendations for Traders
Analysis of Current Structure:
Wave (4) Retracement:
SUI is currently correcting within Wave (4), targeting the $BTC
3.7–$3.1 range. This aligns with the 23.6%–38.2% Fibonacci retracement levels, a natural consolidation zone.
The market is expected to consolidate here before Wave (5) begins, indicating a strong support level.
Wave (5) Target:
The next bullish wave, Wave (5), is anticipated to break above $BNB
5, potentially reaching $5.5–$6, based on Fibonacci extensions and momentum.
Post-Wave (5):
After the completion of Wave (5), a larger corrective phase (ABC structure) is likely to follow. This could result in a significant pullback before the next major rally.
Traders’ Strategy:
For Short-Term Traders:
Accumulate SUI near the $ETH
3.7–$3.1 support zone. This area provides an ideal risk-to-reward setup.
Set stop-loss below $3.1 to minimize downside risk.
Take profit at $5–$5.5 during Wave (5).
For Long-Term Investors:
Hold through the corrective phase after Wave (5) and look to accumulate during the ABC correction for the next major cycle.
Monitor macro conditions, as a deeper pullback could offer better entry opportunities.
Key Risk Management:
Be cautious of market volatility, especially if BTC or broader market sentiment shifts significantly.
Use trailing stop-losses to lock in gains as the price approaches key resistance levels.
Final Thoughts:
SUI remains in a bullish structure for the daily and long-term charts. However, patience during Wave (4) and strategic positioning for Wave (5) will maximize returns. Traders should actively monitor Fibonacci levels and Elliott Wave structures for potential reversals or confirmation of trends.
🚨 Disclaimer
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