SUI/USDT 1H: Oversold and Accumulating – Bounce to $3.60 ?!
2025-02-06
Category: None

SUI/USDT 1H:Analysis
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Current Market Structure: 
 
 Price at $3.36 consolidating within the equilibrium zone after breaking below the $3.60 support.
 Market structure remains bearish but shows signs of potential bottoming.
 RSI at 36.91, indicating oversold conditions and a possible recovery.
 

 Smart Money Concepts: 
 
 Hidden bullish divergence forming on RSI, suggesting that Smart Money is accumulating near the $3.30-$3.35 demand zone.
 Liquidity appears to be building below $3.30, with market makers potentially preparing for an upward move.
 

 Key Levels: 
 
 Resistance: $3.60-$3.70 (supply zone).
 Support: $3.30-$3.35 (demand zone).
 Stop Loss: $3.28 (below key support).
 

 Targets: 
 
 T1: $3.45 (intermediate resistance).
 T2: $3.60 (key resistance level).
 
 Risk Score: 
 
 7/10 – Moderate risk, with oversold conditions and divergence providing a favorable setup.
 
 Market Maker Intent: 
 
 Accumulation likely occurring near the demand zone.
 Price action suggests a potential move back to $3.60, with confirmation needed above $3.40.
 
 Recommendation: 
 
 Long entry favorable within the $3.35-$3.36 range.
 For a safer setup, wait for confirmation above $3.40 to secure momentum.
 Maintain tight stops below $3.28 to minimize risk.
 
 Confidence Level: 
 
 7.5/10 – Favorable setup supported by technical and Smart Money signals.
 
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