$SUI
Professional analysis of a Long position on SUI/USDT.P (4-hour timeframe):
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🔹 Entry Point:
3.78 – 3.77 USDT
(Fibonacci level 0.5 retracement area)
🔹 Targets (TP):
• 🎯 TP1: 3.88 (Fibonacci 0.382)
• 🎯 TP2: 4.25 (previous peak and level 0)
• 🎯 TP3: 5.52 (potential Fibonacci extension)
🔹 Stop Loss (SL):
3.64 USDT (below Fibonacci 0.618 + break of the lower structure)
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📊 Technical Analysis:
• The price bounced from Fibonacci 0.5 with a clear reversal candle.
• RSI is in oversold territory (~43) indicating a potential bullish reversal.
• A symmetrical triangle pattern is forming with a potential positive breakout.
• The previous swing broke a bullish structure (BOS) and has been retested.
