Long

SUI/USDT 1H: Oversold and Accumulating – Bounce to $3.60 ?!

SUI/USDT 1H:Analysis
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Current Market Structure:

Price at $3.36 consolidating within the equilibrium zone after breaking below the $3.60 support.
Market structure remains bearish but shows signs of potential bottoming.
RSI at 36.91, indicating oversold conditions and a possible recovery.

Smart Money Concepts:

Hidden bullish divergence forming on RSI, suggesting that Smart Money is accumulating near the $3.30-$3.35 demand zone.
Liquidity appears to be building below $3.30, with market makers potentially preparing for an upward move.

Key Levels:

Resistance: $3.60-$3.70 (supply zone).
Support: $3.30-$3.35 (demand zone).
Stop Loss: $3.28 (below key support).

Targets:

T1: $3.45 (intermediate resistance).
T2: $3.60 (key resistance level).

Risk Score:

7/10 – Moderate risk, with oversold conditions and divergence providing a favorable setup.

Market Maker Intent:

Accumulation likely occurring near the demand zone.
Price action suggests a potential move back to $3.60, with confirmation needed above $3.40.

Recommendation:

Long entry favorable within the $3.35-$3.36 range.
For a safer setup, wait for confirmation above $3.40 to secure momentum.
Maintain tight stops below $3.28 to minimize risk.

Confidence Level:

7.5/10 – Favorable setup supported by technical and Smart Money signals.

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Cryptokijker

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