Long

SUI/USDT 1H: Bullish Momentum Holding – Can $4.00 Be Next?

SUI/USDT 1H: Bullish Momentum Holding – Can $4.00 Be Next?
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Market Structure & Momentum:

Pattern: Ascending channel, forming higher lows and higher highs, confirming bullish continuation.
Current Price: $3.71, maintaining strength after breaking key $3.50 resistance.
RSI at 65, showing steady momentum but not yet overbought.
No significant divergences, indicating trend stability.

Key Levels:

Support: $3.50 (previous resistance now turned support).
Resistance: $3.85 (next major level).
Stop Loss: Below $3.45 (under key support).
Targets:
T1: $3.85 (short-term target).
T2: $4.00 (psychological level & breakout zone).

Analysis & Smart Money Concepts:

Smart Money accumulation visible, with strong buy volume on the recent breakout.
Market Makers positioning for the next leg up, likely targeting liquidity above $3.85-$4.00.
Favorable R:R setup, with risk score at 7/10.

Trade Setup:

Entry Zone: $3.68 - $3.72 (ideal range for positioning).
Conservative traders may wait for a retest of $3.50 support before entering.

Recommendation:

Long positions remain favorable as price structure supports further upside.
Watch for breakout above $3.85 for confirmation toward $4.00.
Tight stops below $3.45 to protect against invalidation.

Confidence Level:

8/10 – Strong uptrend continuation signals, but patience for retest could offer better positioning.

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