SUI / USDTLong
SUI/USDT 1H: Bulls Eyeing $5.05 After Key Reversal!!
SUI/USDT 1H Chart Analysis
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Current Price: $4.52
Market Condition:
Position Recommendation:
Technical Highlights:
Market Maker Activity:
Recommendation:
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Current Price: $4.52
Market Condition:
- Bullish reversal forming after testing key support at $4.35.
- RSI shows bullish divergence, signaling potential upside.
Position Recommendation:
- Trade Type: Long (Confidence: 8/10)
- Entry Zone: $4.50-$4.55
- Targets:
- T1: $4.85
- T2: $5.05
- Stop Loss: Below $4.32
Technical Highlights:
- Hidden bullish divergence on RSI (higher lows on RSI vs. lower lows on price).
- Smart Money accumulation evident, with increased buy volume at $4.35.
- Risk Score: 7/10 due to recent market volatility.
Market Maker Activity:
- Accumulation phase complete at $4.35-$4.40 zone.
- Likely aiming for a move toward $5.15 for distribution.
- Key resistance at $4.85 and $5.05 must clear for further upside momentum.
Recommendation:
- This setup offers a strong opportunity with proper risk management.
- Monitor volume and price action at key resistance levels for confirmation.
- Confidence Level: 8/10 for bullish continuation.
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