For a long trade setup on SUIUSDT, consider the following:
- Current Price: $3.86
- Support Levels:
- $3.74-$3.77: Demand pocket with anchored VWAP and Fibonacci confluence
- $3.7095: 0.5 Fib retracement, potential long entry
- $3.60-$3.65: 2H order block, potential demand zone
- Resistance Levels:
- $4.00-$4.35: Sweet spot for short entry, but potential breakout target for longs
- $4.27: Key high, Swing Failure Pattern
- $4.75: Next resistance level
Long Trade Ideas:
- Entry: Around $3.71 (0.5 Fib retracement) or $3.77 (demand pocket)
- Stop-Loss: $3.612 (below 0.5 Fib) or $3.45 (below order block)
- Targets:
- $3.90: Conservative target
- $4.28: Primary target
- $4.5873: Aggressive target (0.786 retracement)
Key Notes:
- Look for confirmation signals (price action, volume, patterns) before entering a trade
- Manage risk with tight stop-losses
- Consider laddering entries for better risk-reward ratios ¹