๐ SCALPING SETUP FOR $SUI (4H CHART)
๐จ PRICE IS TRADING BELOW 20EMA, 50EMA AND 200EMA SHOWING STRONG BEARISH MOMENTUM. A RECENT FVG GAP IS LEFT NEAR $3.58 โ $3.62, WHICH PRICE MAY RETEST BEFORE NEXT MOVE.
๐ฉ DEMAND ZONE: $3.27 โ $3.33
๐ฅ SUPPLY ZONE: $3.58 โ $3.88
๐ข BULLISH CASE:
IF PRICE FILLS FVG AND BREAKS ABOVE $3.62, TARGETS ARE $3.88 โ $4.19 โ $4.44.
โ ๏ธLONG ENTRY POSSIBLE ON RETEST OF DEMAND ZONE ($3.27 โ $3.33) WITH CONFIRMATION.
๐ด BEARISH CASE:
IF PRICE REJECTS SUPPLY ZONE ($3.58 โ $3.88) AND FAILS TO HOLD ABOVE $3.48, EXPECT DOWNSIDE TOWARDS $3.27 โ $3.10 โ $2.97.
โ ๏ธWATCH FOR A LOWER HIGH FORMATION IN FVG ZONE FOR SHORT ENTRY.
๐ฌ SCALPERS โ WILL YOU LONG THE DEMAND ZONE OR SHORT THE SUPPLY ZONE?