SONIC / TETHERShort
SUI/USDT 1H: Bears Dominate, Discount Zone in Sight!
SUI/USDT 1H Chart Analysis
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Current Market Structure:
Smart Money Activity:
Key Levels:
Risk Score:
Market Maker Intent:
Recommendation:
Confidence Level:
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Current Market Structure:
- Bearish trend established with price breaking down to $3.30.
- Hidden Bearish Divergence: RSI making higher highs while price makes lower highs, confirming bearish continuation.
Smart Money Activity:
- Distribution phase visible at $3.75 resistance.
- Market Makers accumulating liquidity near $3.20-$3.25 discount zone for further downside or potential future reversal.
Key Levels:
- Entry Zone: $3.35-$3.40 (on relief bounce).
- Targets:
- T1: $3.20 (discount zone).
- T2: $3.00 (psychological support).
- Stop Loss: Above $3.55 (recent swing high).
Risk Score:
- 7/10 (favorable R:R but high volatility).
Market Maker Intent:
- Accumulation in progress below $3.25, targeting deeper liquidity near $3.00.
- Volume profile supports further downside unless key resistance at $3.75 is reclaimed.
Recommendation:
- Short positions are favorable within the $3.35-$3.40 range.
- Maintain tight stops above $3.55 to manage risk.
- Monitor price action near $3.20 for potential support confirmation.
Confidence Level:
- 8/10 for bearish continuation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.