SUI/USDT 1H: Bears in Control, Eyes on $3.50 Reversal Zone !
2025-01-28
Category: None

SUI/USDT 1H Chart Analysis (Smart Money Concepts)
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Current Market Structure: 
 
 Bearish momentum after breaking support at $4.20.
 RSI: Bearish divergence at the recent high of $4.00, signaling potential continuation of the downtrend.
 
 
Key Levels: 
 
 Resistance: $4.20 (previous support turned resistance).
 Support: $3.50-$3.60 (discount zone).
 Current Price: $3.87
 
 
Trade Setup (Confidence Level: 6/10): 
 
 No entry recommended at current levels due to:
 Bearish momentum dominance.
 Lack of a clear accumulation pattern.
 Risk Score: 7/10 (high-risk environment).
 

 Recommendation: 
 
 Wait for one of two scenarios:
 Reversal confirmation near $3.50-$3.60 support.
 Break and retest of $4.20 resistance with bullish momentum.
 

 Market Maker Analysis: 
 
 Distribution phase likely still ongoing.
 Market makers appear to be targeting the discount zone ($3.50-$3.60) for potential accumulation before a reversal.
 Observation: Current price action suggests caution; stay patient for stronger confirmation of reversal or trend change.
 
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