Price is currently settling around 102K, and as long as it stays above this green line, the first target will be the red box above. 🎯
The green zone below is a strong support area — if I see a bounce there, I might consider entering a long position from that level. 🟢
My current top target is 132K, and if the red box is broken, that will be the next destination.
As of now, in my view, everything looks positive, and I'm not taking any short positions because there’s no need. I only use shorts to hedge my longs (for example, I might hedge my Bitcoin long inside the red box). 🛡️
Anchor VWAP gives the volume-weighted average price after the set point, serving as support and resistance for the price. One of the reasons I'm positive about the price is that we are above the VWAP.
$SUI A VWAP anchored to the top price can make you money this easily.
Why is it important?
Anchor VWAP gives us the volume-weighted average price starting from the point it’s placed.
If the price is above the VWAP coming from the top, it indicates stronger buying pressure. In such cases, a test of the VWAP should be seen as an opportunity to look for long positions.
$ETH — Yesterday’s EQ is one of the key reference points showing us where the price might head.
EQ refers to the 0.5 level of yesterday’s Fibonacci range. It acts as a balance point. If you’re doing intraday scalp trades, you should always check whether the price is above or below the 0.5 level.
So, for the price to move up, we need closes above this line.