$SUI | 1H ANALYSIS 📊
- Given the current setup, I expect SUIUSDT to initially test the support near 3.8812. If this support holds and bullish momentum is seen (look for a strong reversal candle or confirmation on lower timeframes), I would look for a long towards 3.9779, and potentially towards the 4.0356–4.0660 zone if buyers remain strong.
- If price rallies up but fails to clear the 4.0356–4.0660 resistance, watch for bearish confirmation to consider a short targeting a move back to 3.8812 and possibly lower, towards 3.7478.
- My bias leans slightly bearish until I see a clear reclaim above 4.0660 with strong momentum. If that happens, the next target would be the most recent high at 4.1811.
- On confirmation: wait for a pin bar, strong engulfing, or lower timeframe breakout-retest before entering. For shorts, a bearish engulfing or rejection wick at resistance would be ideal. For longs, look for a sweep of the support followed by a bounce.
- Stop-loss should be set below the swing low...
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