SUI/USDT 1H: Bulls Eyeing $4.80 After Key Support Bounce
2025-01-24
Category: None

SUI/USDT 1H Chart Analysis
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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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