SUI/USDT 1H: Accumulation Brewing for a Breakout !
2025-01-19
Category: None

SUI/USDT 1H Chart Analysis (SMC Principles) 

Current Price: $4.89

 Support Levels: 

FVG: $4.60 (accumulation zone).
Stop-loss level: $4.75 (below recent swing low).

 Resistance Targets: 
 
 T1: $5.05
 T2: $5.15
 
 
 Momentum: 
 
 RSI: 52, signaling neutral momentum.
 Hidden bullish divergence forming with higher lows against lower price lows.
 

 Trade Setup: 
 
 Entry: $4.85-$4.90
 Targets: T1: $5.05, T2: $5.15
 Stop Loss: Below $4.75
 

 Market Maker Activity: 
 
 Accumulation evident with wicks below $4.80 and strong buybacks, suggesting smart money positioning.
 

 Notes: 

 
 Watch for a clean break above $5.00 to confirm bullish continuation.
 Monitor volume for breakout validation.
 Confidence Level: 7/10 for bullish setup.
