$SUI Bulls Wake Up: Breakout Attempt or Bull Trap🤔🔐👇
Current Price: $3.96
Timeframes: 1H & 1D
Trend Outlook: Neutral-to-Bullish (short-term)
Trade Strategy Plan (Bullish Bias):💥
Entry Zone: $3.88 - $3.93 (confirmed retest of breakout area)✅
Target 1: $4.15🎯
Target 2: $4.30🎯
Invalidation Level (Stop-Loss): Below $3.82☣️
Trade Duration: 1-3 Days (Short-term swing)
Current Candle & Pattern Analysis:📊📉
1H chart shows a strong impulse move towards $4.20, followed by sharp rejection forming a long upper wick – classic liquidity sweep above BOS.
Price is now reacting at the $3.95 support. Watch for a bullish engulfing or pin bar for confirmation.
1D candle still holds structure with bullish momentum supported by 21 EMA bounce and minor accumulation zone under $3.90.
Trend Signal:📊
Market structure on both 1H and 1D shows higher highs and higher lows.
RSI and stochastic dip into oversold territory near support – indicating dip-buying potential.
If $3.88-$3.90 zone holds, bulls may reclaim momentum.
Why Bullish?🤔💥
Clean BOS and CHoCH structure confirms recent trend reversal.
Demand zone at $3.74-$3.90 remains unbroken.
Dips are getting absorbed quickly by buyers.
Takeaway:🧑🏫
If $SUI holds above $3.88 with strong candle reaction, it may attempt another breakout above $4.20. However, failure to hold may invite deeper retracement to $3.74 liquidity zone.
Moral for Traders:👨❤️👨
"React to price, not prediction. When liquidity grabs happen, patience creates precision."
Disclaimer:⚠️
This is not financial advice. Trade at your own risk after proper risk assessment and confirmation.