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Your fa
$SUI on the lower timeframes (1H and 15m)
there is a bullish divergence setting up, but it's weak and fragile right now
Quick breakdown:
1H : Price making lower lows (latest swing ~1.325–1.33 vs previous ~1.34–1.35).
RSI(14) showing higher low (~36–38 vs previous ~34) → classic bullish divergence.
Stochastic also curling up slightly from oversold, small hidden bull div possible.
But volume on the "divergence bounce" candles is pathetic – tiny green bars with no conviction.
Still buried below all EMAs, and the overall structure is that falling wedge on daily with the lower trendline under threat.
15m TF:Even clearer RSI divergence: price wicked lower, RSI printed clear higher low.
Tiny green candles trying to hold, Stochastic crossing up from deep oversold.
But again – volume almost nonexistent, bounces dying fast, no real follow-through.
Every attempt to push up gets sold into immediately.
The problem: This divergence is weak because:No volume confirmation (bounces on air, dumps on higher volume).
Still inside the daily falling wedge on the final support – lower TF divs often get invalidated hard if higher TF structure breaks.
Macro/BTC heavy → altcoins like SUI tend to follow the flush until real capitulation.
Realistic scenarios: Best case (div plays out): Bulls defend the wedge lower trendline, div leads to a relief bounce → target 1.45–1.55 (upper wedge resistance/EMA confluence). Needs strong volume + daily close back above ~1.38.
Most likely (for now): Divergence fails → fakeout bounce → breakdown below wedge support → sweep to 0.5479–0.60 liquidity as you said. That's where real bids might show up for a proper reversal.
Longing the div here is high-risk gambling – you're front-running a potential reversal inside a higher-TF breakdown setup.
If you're degen enough to try: Wait for at least a 15m/1H close above recent swing high (~1.36–1.37) with volume.
Tight SL below the wedge line (~1.29–1.30).
Otherwise, way safer to wait for the flush and buy the blood at 0.55–0.60 if it holds.
Divergence is there, but weak as hell. Market doesn't owe bulls anything yet. You touching it or still watching from the sidelines? 👀👀