Long

SUI/USDT 1H: Bullish Reversal Confirmed – Targeting $2.55?

SUI/USDT 1H: Bullish Reversal Confirmed – Targeting $2.55?
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Market Structure (Confidence Level: 8/10):

Bullish reversal confirmed after breaking $2.20 resistance with strong volume.
RSI shows hidden bullish divergence, supporting continued upside momentum.

Smart Money Analysis:

Major order block formed at $2.05-$2.10, confirming institutional accumulation.
Break of bearish market structure at $2.28, shifting momentum to the upside.
Clear accumulation pattern visible, indicating Smart Money positioning for a move higher.

Trade Setup:

Entry: $2.28 - $2.31 (current retest).
Targets:
T1: $2.45 (Fair Value Gap).
T2: $2.55 (major resistance).
Stop Loss: $2.05 (below recent swing low).

Risk Score:

8/10 – Strong risk-to-reward setup, but market volatility requires tight risk management.

Market Maker Activity:

Currently engineering liquidity build above $2.40, likely before the next leg up.
Volume profile supports bullish continuation, with Smart Money accumulating.

Recommendation:

Long positions remain favorable in the $2.28 - $2.31 range.
Monitor price action near $2.40 for signs of a breakout.
Use tight stops, given recent volatility, to protect against unexpected pullbacks.

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Cryptokijker

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Cryptokijker