SUI/USDT 1H: Bullish Momentum Holding – Can $4.00 Be Next?
2025-02-15
Category: None

SUI/USDT 1H: Bullish Momentum Holding – Can $4.00 Be Next?
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 Market Structure & Momentum: 
 
 Pattern: Ascending channel, forming higher lows and higher highs, confirming bullish continuation.
 Current Price: $3.71, maintaining strength after breaking key $3.50 resistance.
 RSI at 65, showing steady momentum but not yet overbought.
 No significant divergences, indicating trend stability.
 
 

 Key Levels: 
 
 Support: $3.50 (previous resistance now turned support).
 Resistance: $3.85 (next major level).
 Stop Loss: Below $3.45 (under key support).
 Targets:
 T1: $3.85 (short-term target).
 T2: $4.00 (psychological level & breakout zone).
 
 Analysis & Smart Money Concepts: 
 
 Smart Money accumulation visible, with strong buy volume on the recent breakout.
 Market Makers positioning for the next leg up, likely targeting liquidity above $3.85-$4.00.
 Favorable R:R setup, with risk score at 7/10.
 
 Trade Setup: 
 
 Entry Zone: $3.68 - $3.72 (ideal range for positioning).
 Conservative traders may wait for a retest of $3.50 support before entering.
 
 Recommendation: 
 
 Long positions remain favorable as price structure supports further upside.
 Watch for breakout above $3.85 for confirmation toward $4.00.
 Tight stops below $3.45 to protect against invalidation.
 
 Confidence Level: 
 
 8/10 – Strong uptrend continuation signals, but patience for retest could offer better positioning.
 
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