SUI / USDTLong
SUI/USDT 1H: Bulls Eyeing $4.80 After Key Support Bounce
SUI/USDT 1H Chart Analysis
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Current Price: $4.42
Market Structure:
Key Levels:
Smart Money Analysis:
Trade Setup (Confidence Level: 7/10):
Market Maker Activity:
Recommendation:
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Current Price: $4.42
Market Structure:
- Consolidation phase following a bounce from $4.20 support.
- RSI: 55.23, neutral with bullish divergence indicating potential upside.
Key Levels:
- Support: $4.20 (major support zone).
- Resistance: $4.65, $4.80.
Smart Money Analysis:
- Fair Value Gap (FVG): Identified at $4.45-$4.50.
- Order Blocks:
- Bullish OB: $4.20-$4.25.
- Bearish OB: $4.70-$4.75.
Trade Setup (Confidence Level: 7/10):
- Entry Zone: $4.35-$4.40.
- Targets:
- T1: $4.65
- T2: $4.80
- Stop Loss: Below $4.15.
- Risk Score: 6/10 (moderate risk due to range-bound conditions).
Market Maker Activity:
- Accumulation seen at $4.20 support zone.
- Distribution evident near resistance levels, indicating range-bound behavior.
Recommendation:
- Consider long positions within the $4.35-$4.40 range.
- Watch for breakout above $4.65 for stronger bullish continuation.
- Manage risk carefully given current market chop.
- Confidence Level: 7/10 for range-bound trading with bullish bias.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.