Long

SUI/USDT 1H: Bullish Momentum Building – $4.20 in Sight?!

SUI/USDT 1H Chart Analysis
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Current Market Structure:

Price at $3.72 showing strong recovery after testing accumulation zone at $3.50-$3.60.
RSI trending at 65, confirming strong momentum but not yet overbought.
Significant volume spike on breakout above $3.50 resistance, signaling institutional interest.

Smart Money Concepts:

Market Makers accumulated heavily in the $3.50-$3.60 range, shaking out weak hands below.
Currently transitioning to a markup phase, with the next target set at the premium zone ($3.90-$4.00).
Strong bullish structure indicates continued upward movement.

Key Levels:

Entry Zone: $3.70-$3.75
Targets:
T1: $4.00 (psychological resistance)
T2: $4.20 (previous swing high)
T3: $4.50 (extended target)
Stop Loss: Below $3.45 (recent swing low).

Risk Score:

6.5/10 - Favorable risk-reward ratio, but market volatility remains a factor.

Market Maker Intent:

Accumulation phase appears complete near the discount zone. Current price action suggests an upward move targeting liquidity pools near $4.20-$4.50.

Recommendation:

Long positions are favorable within the $3.70-$3.75 range. Monitor for volume confirmation above $3.90 to secure momentum. Maintain tight stops to protect against unexpected pullbacks.

Confidence Level:

8/10 for bullish continuation toward premium zones.

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Cryptokijker

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