Technical analysis by CryptoPilot about Symbol SUI on 7/28/2025

SUI has been climbing steadily inside a well-structured ascending channel for the past few weeks. The recent breakout above the $4.30 resistance zone – which was a key liquidity level – seems to have swept stop-losses and trapped late buyers. 🔎 Here's what we're watching: - Price broke out of the ascending channel briefly and rejected from the upper parallel. - The breakout above $4.30 was likely a liquidity grab (buy-side liquidity taken). - Price is now pulling back, showing signs of distribution below resistance. 📉 Expecting a correction toward the lower channel line as price seeks rebalancing. 🧠 Strategy Notes: - No reason to long here unless price reclaims $4.35 with volume. - Ideal buy zone is near the midline or lower channel. - A break below the channel could signal deeper correction toward $3.60 or lower. 📊 Always respect risk – don’t chase after price in these zones. 📡 Analysis by CryptoPilot – navigating the market with precision. #CryptoPilot #SUI #SmartMoney #LiquidityGrab #CryptoTrading #TrendChannel #Altcoins