SUI/USDT 1H: Bullish Momentum Building – $4.20 in Sight?!
2025-02-04
Category: None

SUI/USDT 1H Chart Analysis
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 Current Market Structure: 
 
 Price at $3.72 showing strong recovery after testing accumulation zone at $3.50-$3.60.
 RSI trending at 65, confirming strong momentum but not yet overbought.
 Significant volume spike on breakout above $3.50 resistance, signaling institutional interest.
 

 Smart Money Concepts: 
 
 Market Makers accumulated heavily in the $3.50-$3.60 range, shaking out weak hands below.
 Currently transitioning to a markup phase, with the next target set at the premium zone ($3.90-$4.00).
 Strong bullish structure indicates continued upward movement.
 

 Key Levels: 
 
 Entry Zone: $3.70-$3.75
 Targets:
 T1: $4.00 (psychological resistance)
 T2: $4.20 (previous swing high)
 T3: $4.50 (extended target)
 Stop Loss: Below $3.45 (recent swing low).
 
 Risk Score: 
 
 6.5/10 - Favorable risk-reward ratio, but market volatility remains a factor.
 

 Market Maker Intent: 
 
 Accumulation phase appears complete near the discount zone. Current price action suggests an upward move targeting liquidity pools near $4.20-$4.50.
 

 Recommendation: 
 
 Long positions are favorable within the $3.70-$3.75 range. Monitor for volume confirmation above $3.90 to secure momentum. Maintain tight stops to protect against unexpected pullbacks.
 
 
 Confidence Level: 
 
 8/10 for bullish continuation toward premium zones.
 
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