Long trade SUI / TetherUSBINANCE:SUIUSDTdavidjulien369Pair: SUIUSDT Direction: 🟢 Buyside Date: Mon 6th July 26 Session: NY Session AM Entry Time: 2:00 PM Entry: 0.7456 Target / Profit Level: 0.7655 Stop: 0.7424 Gain Target: 2.66% Risk: 0.42% RR: 6.22 🧠 SNAP BIAS 🟢 Bias: Buyside continuation, but only while 0.7424 holds. The previous range formed above the price → Price displaced lower into 0.7250–0.7300 → Earlier, 1:00 AM buyside idea was stopped out → 9:00 AM buyside idea recovered and hit target → Current structure reclaimed 0.7456 → Price is attempting continuation toward 0.7655 The buyside idea fails if: Price loses 0.7424 Price rejects below 0.7567 Price returns under 0.7456 and cannot reclaim Price breaks the recovery structure from the 0.7250–0.7300 sweep 📰 Macro News — SUI / Crypto Backdrop The SUI-specific backdrop is mixed. SUI was trading around the mid-$0.75 area on July 6, with 24-hour movement showing modest positive performance, but still inside a volatile range. Crypto.news showed SUI around $0.7514, with a 24-hour high near $0.7643 and low near $0.7215, which lines up well with your chart’s sweep-and-reclaim structure. The main macro headwind is token unlock pressure. Sui’s official token schedule confirms that SUI has an ongoing release schedule, while CoinGlass showed only about 40.52% of the supply unlocked and listed the next unlock event at roughly 22.20M SUI on 2026-07-31. That means supply pressure remains a structural issue for SUI, even if the intraday chart is bullish.