SUI/USD – 4H Bullish Trade Setup
Chart Analysis:
While SUI/USD has been in a clear downtrend, it's now approaching a major support zone between $2.60 and $2.70, which has been tested multiple times. This area is marked by a gray demand zone where buyers have previously stepped in. The price is also showing signs of slowing bearish momentum as it approaches this zone, suggesting a potential bullish reversal or relief bounce.
Although the overall structure remains bearish, this setup focuses on a possible counter-trend move or early trend reversal from a key demand area.
✅ Entry Zone:
Wait for bullish confirmation (such as a bullish engulfing candle or strong bounce) from the $2.60–$2.70 support zone.
🛑 Stop Loss:
Place SL below the support zone at $2.45, to protect against further downside if the trend continues.
🎯 Take Profit Targets:
•TP1: $2.95 (previous minor structure level)
•TP2: $3.20 (Major Chock zone and strong resistance)
•TP3 (optional swing): $4.05 if momentum builds
Risk Note: Since the overall trend is still bearish, this is a higher-risk trade and best taken with confirmation. For a safer play, wait for a break and retest of the “Major Chock” zone around $3.20 to go long with more conviction.