🚀 SUI Long Setup in Focus 📈
Trading Plan:
Bias: Long
Entry: 1.400 - 1.480
SL: 1.290
TP1–TP3: 1.650 / 1.800 / 2.000
Technical Analysis:
On the daily timeframe, the asset shows signs of a potential bottom formation after an extended downtrend. A strong bullish divergence is evident, with price making lower lows in early December while both the MACD and RSI indicators printed higher lows, signaling weakening bearish momentum and a potential reversal. The price is currently consolidating and testing the middle Bollinger Band. A sustained break above this level would act as a confirmation signal for a new upward trend, targeting previous resistance zones.
Invalidation:
Only a break and daily close below the recent swing low of 1.300 would invalidate this bullish setup.
SUIUSDT
Perp
1.4831
+9.48%