Technical analysis by Musarrat_karamat about Symbol SUI: Buy recommendation (7/8/2025)

SUI is exhibiting a potential bullish setup on the 1-hour timeframe as price begins to build momentum after a period of consolidation.📈 Current Setup:Price has formed a minor ascending trendline and is trading above the short-term moving averages, indicating growing bullish strength.A buy stop is placed slightly above the immediate resistance at 2.9222, which would confirm a breakout from the consolidation zone.✅ Trade Plan:Entry (Buy Stop): 2.9222Stop Loss (SL): 2.8778 (below recent swing low support)Take Profit (TP): 2.9507 (near previous resistance cluster)📊 Momentum Indicators:RSI is currently at 60.19, which supports the bullish bias but is not yet in overbought territory, leaving room for an upward move.Earlier bearish divergence has been resolved as price found support, and a bullish signal has emerged, suggesting renewed upward momentum.⚡ Bias: Moderately BullishPrice needs to break and hold above 2.9222 to confirm continuation toward the target zone. Caution is warranted if price fails to sustain above the breakout level.