SUI/USDT 1H: Bulls Eyeing $5.05 After Key Reversal!!
2025-01-22
Category: None

SUI/USDT 1H Chart Analysis
🚀 Follow me on Tradingview if you respect our charts 📈

Current Price: $4.52

 Market Condition: 
 
 Bullish reversal forming after testing key support at $4.35.
 RSI shows bullish divergence, signaling potential upside.
 

 Position Recommendation: 
 
 Trade Type: Long (Confidence: 8/10)
 Entry Zone: $4.50-$4.55
 Targets:
 T1: $4.85
 T2: $5.05
 Stop Loss: Below $4.32
 
 
 Technical Highlights: 
 
 Hidden bullish divergence on RSI (higher lows on RSI vs. lower lows on price).
 Smart Money accumulation evident, with increased buy volume at $4.35.
 Risk Score: 7/10 due to recent market volatility.
 

 Market Maker Activity: 
 
 Accumulation phase complete at $4.35-$4.40 zone.
 Likely aiming for a move toward $5.15 for distribution.
 Key resistance at $4.85 and $5.05 must clear for further upside momentum.
 

 Recommendation: 
 
 This setup offers a strong opportunity with proper risk management.
 Monitor volume and price action at key resistance levels for confirmation.
 Confidence Level: 8/10 for bullish continuation.
