Long

SUI/USDT 1H: Accumulation in POC Zone – Targeting $3.40 Next?

SUI/USDT 1H: Accumulation in POC Zone – Targeting $3.40 Next?
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Current Market Condition:

Price at $3.13, consolidating within the equilibrium zone after rejection from $3.40.
Hidden bullish divergence forming on RSI, indicating accumulation as price makes equal lows while RSI forms higher lows.
Market Makers likely positioning within the Point of Control (POC) zone for a potential move higher.
Strong support at $3.10, aligning with FVG fill zone, reinforcing demand.

Trade Setup:

Confidence Level: 8/10 – Strong setup with favorable risk-to-reward.
Entry Zone: $3.12-$3.15.
Targets:
T1: $3.40 (previous resistance).
T2: $3.60 (premium zone).
Stop Loss: Below $3.05 (key invalidation level).

Risk Score:

8/10 – Smart Money accumulation signals strong upside potential, but confirmation is required.

Market Maker Intent:

Accumulation in progress within the equilibrium zone.
A break above $3.20 will confirm bullish continuation and increase momentum.
Multiple premium zones above suggest potential for extended upside moves.

Recommendation:

Long positions favorable within $3.12-$3.15.
Watch for a break above $3.20 to confirm bullish momentum.
Maintain a tight stop-loss at $3.05 for risk management.

Confidence Level:

8/10 – Strong Smart Money accumulation signals, with confirmation key for continuation.

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Cryptokijker

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Cryptokijker