SUI/USDT 1H Chart Analysis
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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! 📈,# SUI/USDT 1H Chart Analysis
## Current Market Structure
– **Bullish Trend Confirmation**: The price has broken the $4.14 resistance level, confirming a bullish trend.
– **Relative Strength Index (RSI)**: Currently at 61, indicating that the asset is gaining strength without being overbought.
– **Momentum**: There is a strong breakout from the previous trading range, supporting the notion of continued upward movement.
## Trade Setup
– **Entry Point**: Targeting an entry between $4.14 and $4.15 upon retest of the breakout level.
– **Profit Targets**:
– **T1**: $4.35
– **T2**: $4.50
– **T3**: $4.70 (corresponding to the previous swing high).
– **Stop Loss**: Set at $3.95, which is below the most recent swing low.
– **Risk Assessment**: Rated as 7/10, indicating a moderate risk level for this trade.
## Smart Money Analysis
– **Accumulation Phase**: Completed between the price points of $3.60 and $3.80, showing a behavioral shift in market sentiment.
– **Institutional Buying Pressure**: Evidence of significant volume profile activity, suggesting robust market interest.
– **Bearish Divergences**: No pronounced bearish signals are identified, which supports a bullish outlook going forward.
– **Market Maker Behavior**: Likely targeting liquidity in the range of $4.70 to $4.80.
## Key Levels
– **Support Levels**: $4.14, $3.95, $3.80.
– **Resistance Levels**: $4.35, $4.50, $4.70.
## Recommendation
– **Position Strategy**: Favorable long positions within the $4.14 – $4.15 range, with monitoring for volume confirmation to validate ongoing bullish momentum.
– **Risk Management**: Implement tight stop-loss orders below $3.95 to mitigate downside exposure and safeguard investments.
### Closing Thoughts
In light of the current bullish market dynamics and robust institutional support, the SUI/USDT pair presents a strong opportunity for growth. Traders should watch for volume confirmation to sustain upward momentum and capitalize effectively on potential gains. Managing risk through strategic stop-loss placements remains essential. This outlook indicates a favorable environment for those willing to engage with potential volatility.
Disclaimer. The opinions expressed by our writers are their own and do not represent the views of JustInvestNews . The financial and market information provided on JustInvestNews is intended for informational purposes only. JustInvestNews is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Original article: https://www.tradingview.com/chart/SUIUSDT/lNd79wwQ-SUI-USDT-1H-Bulls-in-Control-Targeting-4-70-Next/
