SUI / USDTLong
SUI/USDT 1H: Accumulation Brewing for a Breakout !
SUI/USDT 1H Chart Analysis (SMC Principles)
Current Price: $4.89
Support Levels:
FVG: $4.60 (accumulation zone).
Stop-loss level: $4.75 (below recent swing low).
Resistance Targets:
Momentum:
Trade Setup:
Market Maker Activity:
Notes:
Current Price: $4.89
Support Levels:
FVG: $4.60 (accumulation zone).
Stop-loss level: $4.75 (below recent swing low).
Resistance Targets:
- T1: $5.05
- T2: $5.15
Momentum:
- RSI: 52, signaling neutral momentum.
- Hidden bullish divergence forming with higher lows against lower price lows.
Trade Setup:
- Entry: $4.85-$4.90
- Targets: T1: $5.05, T2: $5.15
- Stop Loss: Below $4.75
Market Maker Activity:
- Accumulation evident with wicks below $4.80 and strong buybacks, suggesting smart money positioning.
Notes:
- Watch for a clean break above $5.00 to confirm bullish continuation.
- Monitor volume for breakout validation.
- Confidence Level: 7/10 for bullish setup.
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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.