SUI Holds Major Demand – Long Reversal
🟢 $SUI - LONG
Trade Plan:
Current Price: ~$0.7001
Entry Zone: 0.678 - 0.715
SL: 0.655
TP1: 0.775
TP2: 0.845
TP3: 0.95
The chart displays a strong hold and higher low formation inside the shaded Entry Zone of 0.678-0.715 at current price ~$0.7001, where price tapped into a major bullish order block combined with the 0.618 Fib retracement of the recent correction. This confluence area previously acted as strong demand during the broader downtrend. Market structure is showing early signs of bullish shift with displacement on the latest candles and increasing volume on the bounce. The large glowing green directional arrow highlights the high-conviction reversal from this key support area. The red SL at 0.655 sits below the swing low and liquidity pool for clear invalidation. Green TP levels target previous supply zones and measured extensions based on the range. This setup carries high probability due to the strong confluence of structure, Fibonacci, and order block at current levels.
Does this higher low at the order block mark the beginning of a new impulsive leg for SUI?
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DYOR & manage risk!
