📢 $SUI / $USDT | 🟢 LONG | ⭐ 74.9%
🎯 Goal: $0.7357. Does it achieve it?
🎯 Trading levels:
🟢 Entry: $0.7117
🛑 Stop Loss: $0.6973
🏁 TP1: $0.7357
🏁 TP2: $0.7405
🏁 TP3: $0.7501
📈 Analysis:
The $SUI / $USDT pair shows a strong bullish structure with complete alignment in the multi-timeframe analysis (MTF), supported by an ADX of 45.4 that confirms a trend with high directional strength. The technical confluence is sustained by a bullish MACD cross (price impulse indicator) and a double and triple bottom pattern consolidated above the POC (point of highest traded volume) at $0.677465, suggesting clear absorption of supply.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1h
📐 Technical confidence: 5/5
The thesis is invalidated if price falls below the stop-loss level at $0.6973, a zone that acts as immediate support after the break of the sideways structure. The continuation of the bullish momentum depends on maintaining closes above the current levels while the RSI adjusts after its overbought area.
Do you think the current buying volume will be enough to consolidate the immediate resistance breakout?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #SUI #trading #Futures #Bullish
🎯 Goal: $0.7357. Does it achieve it?
🎯 Trading levels:
🟢 Entry: $0.7117
🛑 Stop Loss: $0.6973
🏁 TP1: $0.7357
🏁 TP2: $0.7405
🏁 TP3: $0.7501
📈 Analysis:
The $SUI / $USDT pair shows a strong bullish structure with complete alignment in the multi-timeframe analysis (MTF), supported by an ADX of 45.4 that confirms a trend with high directional strength. The technical confluence is sustained by a bullish MACD cross (price impulse indicator) and a double and triple bottom pattern consolidated above the POC (point of highest traded volume) at $0.677465, suggesting clear absorption of supply.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1h
📐 Technical confidence: 5/5
The thesis is invalidated if price falls below the stop-loss level at $0.6973, a zone that acts as immediate support after the break of the sideways structure. The continuation of the bullish momentum depends on maintaining closes above the current levels while the RSI adjusts after its overbought area.
Do you think the current buying volume will be enough to consolidate the immediate resistance breakout?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #SUI #trading #Futures #Bullish