SUI | Sui Network - Swing Idea - Altcoin
SUIUSDT
Market Sentiment
Market sentiment remains bullish, supported by expectations of a 0.25% rate cut at the upcoming FOMC meeting. The weakening USD and rising risk appetite across global markets are favoring crypto assets in particular.
Technical Analysis
SUI recently gained bullish momentum, largely following Bitcoin's strength.
We're now seeing a healthy retracement, which is expected after a strong move. The break of the LTF bullish trendline suggests potential for a deeper pullback toward HTF confluence zones.
Game Plan
I'm eyeing the HTF demand zone around $3.06, which aligns with the 0.5 Fibonacci retracement-a key discount zone. Just below this, we also have a higher time frame bullish trendline, which could offer
dynamic support.
These overlapping levels provide a strong confluence for a swing long idea.
Setup Trigger
I'll wait for a 4H bullish break of structure and the formation of an LTF demand zone before entering.
Trade Management
Stoploss: Below 4H demand swing low Target: Up to $4.44 I'll trail my stop to lock in profits aggressively along the way.
More setups and market insights coming soon stay connected
