$SUI Swing Trade Setup – Breakout Confirmation & R/R Plan

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$SUI Swing Trade Setup – Breakout Confirmation & R/R PlanSUIUSDTPERP PERPETUAL MIX CONTRACTBITGET:SUIUSDT.PgetnowπŸ“Œ Analysis Summary: SUI has broken out of a strong falling channel structure that started in late May. We’re now seeing a bullish breakout + retest, suggesting a potential trend reversal from bearish to bullish. A small consolidation zone near the breakout confirms strength, supported by buyer presence near previous highs. πŸ› οΈ Trade Plan (Swing Setup): Entry: $2.89 (current price zone, post-breakout consolidation) Stop Loss: $2.62 (below consolidation + last support structure) Take Profit: $3.62 (near previous key resistance level) Risk/Reward Ratio: ~2.7R πŸ”Ž Key Technicals: Breakout from downtrend channel Consolidation above previous structure Higher low formation visible Volume remains steady, showing no strong rejection 🧠 Trade Management: Partial TP can be considered around $3.30 Monitor BTC movement for broader sentiment Break below $2.62 invalidates this setup πŸ“ˆ This is a swing position, not a scalp β€” ideal for 3–10 day holding period if structure holds. πŸ›‘ Always use proper risk management. πŸ”” Follow for more clean setups.