SUI/USDT 1H: Markup Phase – Long Setup Above $3.60
Current Market Conditions (Confidence Level: 8/10):
Price at $3.60, showing strong bullish momentum following recent accumulation phase.
Hidden bullish divergence on RSI confirms internal strength and supports upward continuation.
Smart Money accumulation completed, premium zone established at $3.80.
Trade Setup (Long Bias):
Entry: $3.60 – $3.62 zone.
Targets:
T1: $3.80
T2: $3.90
T3: $4.00
Stop Loss: $3.40 (below Fair Value Gap support).
Risk Score:
8/10 – Clear breakout structure supports bullish thesis, minor risk due to proximity to premium resistance zones.
Key Observations:
Strong support confirmed at $3.40 FVG level.
Volume profile indicates heavy accumulation below $3.60, now transitioning to expansion.
Distribution phase expected above $3.90 if targets are reached.
Market Makers likely preparing to offload positions near $4.00 zone.
Recommendation:
Long positions favored within $3.60 – $3.62 entry range with tight stop loss at $3.40.
Scale partial profits at $3.80 and $3.90 to secure gains, leaving runners towards $4.00.
Monitor price action closely near $3.80 for possible early rejection or continuation signals.
🚀 Follow me on Binance if you respect our charts! 📈 Daily updates!