🔥 DUAL-RESISTANCE REJECTION & RETEST SETUP! | SUI/USDT
$SUI
is currently testing key multi-timeframe resistance around $0.83 - $0.85 after a strong rally off local demand. On the 1H/4H charts, price action is showing signs of exhaustion near the 200-SMA / upper supply band, setting up a high-probability pullback to retest lower demand before attempting another leg toward $0.90!
🔹 Trade Type: Swing / Intraday Retest
🔹 Direction: Long (Buy Limit On Dip)
🔹 Entry Zone: $0.770 - $0.795
🔹 Stop Loss (SL): $0.738 (Strict SL required)
🔹 Take Profit (TP):
• TP1: $0.850 (Key Resistance Retest)
• TP2: $0.905 (Liquidity Sweep Target)
• TP3: $0.980 (HTF Expansion Zone)
📌 Trade Logic: $SUI is confronting heavy overhead supply around $0.85. Instead of buying at resistance, we are setting up a limit buy at the $0.77 - $0.79 demand confluence (1H Fair Value Gap) to capture a higher low continuation play.
⚠️ Risk Management: Keep strict position sizing and do not risk more than 1-2% of your portfolio per trade!
Are you buying the $SUI dip at $0.78 or waiting for a breakout above $0.85? Share your trade plan in the comments! 👇
#SUI #CryptoTrading #BinanceSquare #Foreheadburns #TradingSetup
💡 Suggestion: Place limit orders in the entry zone or wait for a 15m bullish reversal pattern (hammer/engulfing) inside $0.770 - $0.795 to confirm buyer support before entering.
$SUI
is currently testing key multi-timeframe resistance around $0.83 - $0.85 after a strong rally off local demand. On the 1H/4H charts, price action is showing signs of exhaustion near the 200-SMA / upper supply band, setting up a high-probability pullback to retest lower demand before attempting another leg toward $0.90!
🔹 Trade Type: Swing / Intraday Retest
🔹 Direction: Long (Buy Limit On Dip)
🔹 Entry Zone: $0.770 - $0.795
🔹 Stop Loss (SL): $0.738 (Strict SL required)
🔹 Take Profit (TP):
• TP1: $0.850 (Key Resistance Retest)
• TP2: $0.905 (Liquidity Sweep Target)
• TP3: $0.980 (HTF Expansion Zone)
📌 Trade Logic: $SUI is confronting heavy overhead supply around $0.85. Instead of buying at resistance, we are setting up a limit buy at the $0.77 - $0.79 demand confluence (1H Fair Value Gap) to capture a higher low continuation play.
⚠️ Risk Management: Keep strict position sizing and do not risk more than 1-2% of your portfolio per trade!
Are you buying the $SUI dip at $0.78 or waiting for a breakout above $0.85? Share your trade plan in the comments! 👇
#SUI #CryptoTrading #BinanceSquare #Foreheadburns #TradingSetup
💡 Suggestion: Place limit orders in the entry zone or wait for a 15m bullish reversal pattern (hammer/engulfing) inside $0.770 - $0.795 to confirm buyer support before entering.
