SUI / USDTLong
SUI/USDT 1H: Bulls in Control – Targeting $4.70 Next!
SUI/USDT 1H Chart Analysis
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*Bullish trend confirmed after breaking $4.14 resistance.
*RSI: 61, showing strength but not overbought yet.
*Momentum: Strong breakout from previous range, confirming continuation.
Trade Setup (Confidence 8/10):
Smart Money Analysis:
Key Levels:
Recommendation:
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- Current Market Structure:
*Bullish trend confirmed after breaking $4.14 resistance.
*RSI: 61, showing strength but not overbought yet.
*Momentum: Strong breakout from previous range, confirming continuation.
Trade Setup (Confidence 8/10):
- Entry: $4.14 - $4.15 (on retest).
- Targets:
- T1: $4.35
- T2: $4.50
- T3: $4.70 (previous swing high).
- Stop Loss: $3.95 (below recent swing low).
- Risk Score: 7/10 (moderate risk )
Smart Money Analysis:
- Accumulation phase complete between $3.60 - $3.80.
- Institutional buying pressure visible in volume profile.
- No significant bearish divergences present.
- Market Makers likely targeting liquidity around $4.70 - $4.80.
Key Levels:
- Support: $4.14, $3.95, $3.80.
- Resistance: $4.35, $4.50, $4.70.
Recommendation:
- Long positions favorable within the $4.14 - $4.15 range.
- Monitor volume confirmation for continued bullish momentum.
- Maintain tight stops below $3.95 to limit downside risk.
- Confidence Level: 8/10 for bullish continuation.
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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.