The $SUI /USDT chart shows a strong bullish trend, with the price moving from a low of $1.3078 to a high of $1.4984, marking an 8.66% gain within the 4-hour timeframe. The upward momentum indicates strong buying pressure, pushing the price higher and reaching a peak before slightly retracing to the current level of $1.4662. This suggests that some profit-taking has occurred, but the overall market sentiment remains positive.

The immediate resistance level is at $1.4984, the recent high. If the price breaks above this resistance, it could trigger a continuation of the uptrend, potentially pushing SUI to new highs. On the downside, support can be found around $1.3833, where the price could stabilize if a deeper pullback occurs. This support level will be crucial in maintaining the current bullish momentum.

For traders looking to enter a long position, waiting for a confirmed breakout above $1.4984 with strong volume might be a good strategy. Alternatively, entering on a retracement near the $1.3833 support level could offer a better risk/reward scenario. It’s important to place stop-losses below key support levels to protect against any sudden volatility or potential reversals.

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