Technical analysis by getnow about Symbol SUI: Buy recommendation (7/9/2025)

getnow

📌 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.🛠️ 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🔎 Key Technicals:Breakout from downtrend channelConsolidation above previous structureHigher low formation visibleVolume remains steady, showing no strong rejection🧠 Trade Management:Partial TP can be considered around $3.30Monitor BTC movement for broader sentimentBreak below $2.62 invalidates this setup📈 This is a swing position, not a scalp — ideal for 3–10 day holding period if structure holds.🛑 Always use proper risk management.🔔 Follow for more clean setups.