SUI/USDT 1H: Bulls in Control – Targeting $4.70 Next!
2025-01-31
Category: None

SUI/USDT 1H Chart Analysis
🚀 Follow me on TradingView if you respect our charts 📈
 
 
 Current Market Structure: 
 Bullish trend confirmed after breaking $4.14 resistance.
 RSI: 61, showing strength but not overbought yet.
 Momentum: Strong breakout from previous range, confirming continuation.
 
 Trade Setup (Confidence 8/10): 
 
 Entry: $4.14 - $4.15 (on retest).
 Targets:
 T1: $4.35
 T2: $4.50
 T3: $4.70 (previous swing high).
 Stop Loss: $3.95 (below recent swing low).
 Risk Score: 7/10 (moderate risk )
 
 Smart Money Analysis: 
 
 Accumulation phase complete between $3.60 - $3.80.
 Institutional buying pressure visible in volume profile.
 No significant bearish divergences present.
 Market Makers likely targeting liquidity around $4.70 - $4.80.
 
 Key Levels: 
 
 Support: $4.14, $3.95, $3.80.
 Resistance: $4.35, $4.50, $4.70.
 
 Recommendation: 
 
 Long positions favorable within the $4.14 - $4.15 range.
 Monitor volume confirmation for continued bullish momentum.
 Maintain tight stops below $3.95 to limit downside risk.
 Confidence Level: 8/10 for bullish continuation.
 
🚀 Follow me on TradingView if you respect our charts! 📈