Technical analysis by SupertradeOfficial about Symbol SUI: Buy recommendation (5/11/2025)

SUI/USDT is displaying a strong bullish recovery pattern on the daily chart. The pair has formed a textbook V-shaped reversal, bouncing sharply from the Support Level 2 at $1.7169. The trend has shifted from bearish to bullish, supported by the Auto Trend Line indicator which confirms the uptrend.🔵 Bullish Structure Highlights•Price has broken above the intermediate Support Level at $3.1691, converting it into a potential support zone.•Current price action is hovering around $4.01, with bullish momentum aiming toward the ATH Resistance at $5.38.•The sharp upward leg is part of a clear V-shaped recovery, suggesting a continuation toward previous highs.🟢 Trade Setup (Bullish Swing Trade)Trade ElementLevel (USD)Entry Zone$3.73 – $4.01Stop Loss$3.71Take Profit$5.38Risk:Reward~4.6 R:R (approx.)📌 Rationale•The price is approaching a key psychological level and former resistance zone at $5.38, making it a logical profit target.•A tight stop-loss at $3.71, just below recent consolidation, helps manage downside risk.•The trend structure supports a bullish continuation pattern, likely driven by breakout traders.⚠️ Risk Consideration•If price closes below $3.71, the bullish structure may break down, invalidating the setup.•Traders should always assess market conditions and manage leverage appropriately.