📢 $SUI / $USDT | 🟢 LONG | ⭐ 72.8%
🎯 Goal: $0.76065. Will it achieve it?
🎯 Trading Levels:
🟢 Entry: $0.7349
🛑 Stop Loss: $0.71945
🏁 TP1: $0.76065
🏁 TP2: $0.7658
🏁 TP3: $0.7761
📈 Analysis:
The market structure in $SUI shows a bullish multi-timeframe alignment, with an ADX of 41.2 confirming a trend with considerable strength. Price remains above the 20 and 50 EMAs, validating the buying bias, while the RSI at 61.95 reflects developing bullish momentum without reaching extreme overbought conditions. We observe buy absorption near the VAH (Value Area High) at $0.733174, suggesting an intention to continue the bullish impulse after the confirmed double bottom.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical Confidence: 5/5
The thesis is invalidated if the price breaks and closes below the stop loss level, nullifying the structure of higher lows. It’s essential to monitor volume during the breakout of the immediate resistance at $0.7532 to confirm the continuation of the move toward the proposed targets.
What volume level do you expect to see to confirm the definitive breakout of resistance?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #SUI #trading #Futures #Bullish
🎯 Goal: $0.76065. Will it achieve it?
🎯 Trading Levels:
🟢 Entry: $0.7349
🛑 Stop Loss: $0.71945
🏁 TP1: $0.76065
🏁 TP2: $0.7658
🏁 TP3: $0.7761
📈 Analysis:
The market structure in $SUI shows a bullish multi-timeframe alignment, with an ADX of 41.2 confirming a trend with considerable strength. Price remains above the 20 and 50 EMAs, validating the buying bias, while the RSI at 61.95 reflects developing bullish momentum without reaching extreme overbought conditions. We observe buy absorption near the VAH (Value Area High) at $0.733174, suggesting an intention to continue the bullish impulse after the confirmed double bottom.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical Confidence: 5/5
The thesis is invalidated if the price breaks and closes below the stop loss level, nullifying the structure of higher lows. It’s essential to monitor volume during the breakout of the immediate resistance at $0.7532 to confirm the continuation of the move toward the proposed targets.
What volume level do you expect to see to confirm the definitive breakout of resistance?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #SUI #trading #Futures #Bullish