Trade Setup
Direction: Long
Entry Price: $3.75 (ideally on pullback toward a support level)
Stoploss: $3.61 (below recent swing low / demand cluster)
Target(s):
T1: $3.89 (~1:2 risk-reward)
T2 (optional): $4.05 (if bullish momentum continues)
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Reason for the Trade
1. Overall Technical Bias — Strong Buy Tendencies
Across multiple exchanges (Investing.com, Bitget), SUI shows multi-timeframe Strong Buy technical ratings—short-term through monthly views align bullishly.
Bitget daily ratings show 15 "Buy" vs. 1 "Sell" with 13 moving averages signaling "Buy," reinforcing a bullish trend bias.
2. Key Support/Resistance & Price Action Context
Current price has bounced and is hovering around $3.80–$3.88 levels.
Setting entry around $3.75 assumes a pullback toward a reliable intraday support zone (recent low), offering favorable risk entry.
The proposed stop at $3.61 sits just below recent swing lows (keeping risk controlled and below minor supply zones).
3. Risk-Reward Clarity
Entry to stop: $0.14 risk.
First target at $3.89 offers a reward of $0.14, matching 1:2 risk-reward if entry is at $3.75 (since $3.89 is $0.14 above). The structure satisfies the user’s requirement and aligns with short-term mechanics.
If momentum sustains beyond T1, pushing price near $4.05 offers extended upside (FVG/supply above).
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Summary Table
Component Value
Direction Long
Entry Price $3.75
Stoploss $3.61
Target 1 (1:2 RR) $3.89
Target 2 (Opt.) $4.05
Reason Strong buy technicals, pullback into support with favorable RR, bullish trend structure
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Trade Considerations
Entry Tip: Wait for confirmation (e.g., bounce or bullish candle reversal) near the $3.75 level for safer entry execution.
Stop Adjustment: If price quickly moves in your favor (above $3.80), consider shifting stop to breakeven to lock risk.
Invalidation Point: If price drops below $3.61, it indicates bearish breakdown and setup is invalidated.
Momentum Target: T2 at $4.05 provides opportunity to capture supply/inefficiency runs from intraday momentum