SUI/USDT SUI presenting a large full-reset harmonic structure and appears to be type II'ing with a higher low off the reaction. I think its possible to strategise a decent risk/reward position here with a stop loss below the recent low. Worth bearing in mind the current trend for the sector is bearish so trade carefully.
SUIUSDT trade ideas
BEST Altcoins You can BUY NOWMany altcoins are close to bottoming, if not bottomed already. Here are some of my top buys right now in preparation for the next impulse wave UP:
1) POPCAT COINEX:POPCATUSDT
Popcat is looking bullish with higher lows, holding the diagonal trendline well. I'd look at dollar-cost-averaging with two orders, one on the trendline as well incase the price doesn't drop as low.
2) SUI BYBIT:SUIUSDT
Looking good after a strong V-shaped recover and making higher lows, which is a bullish sign. I'd say first major resistance is 90c - if we can close candles ABOVE and towards 96c, I'd say more increase is very likely.
Just keep an eye on BTC. Wouldn't want to see a fake-out above 90c just to get another drop. So a conservative approach is closes above 96c zone.
3) LINK BINANCE:LINKUSDT
Chainlink is an old-timer, and a safe bet for the next bullish impulse wave.
4) RUNE BINANCE:RUNEUSDT
Another top-pick for 2024. I' be happy to buy anywhere between these two zones:
5) RNDR BINANCE:RENDERUSDT
I'd like to hope we'll see a lower entry on Render, but if the price keeps closing above the upper white trendline it's unlikely we'll drop to the lower buy zones
6) DOGE BINANCE:DOGEUSDT
An altcoin compilation wouldn't be an alt compilation without Doge! Happy to buy between these two zones:
7) FTM BINANCE:FTMUSDT
My ideal buy zone would be the middle area, I doubt we'll see the lower zones soon
8) NEAR BINANCE:NEARUSDT
I'd be happy to buy anywhere between these two zones:
There are MANY more, but for the sake of time and space... let's get started with these!
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SUI - CRYPTO LONGLooking at how much the market has dropped, the SUI coin is still holding up quite well. This means there is volume, and it is being supported. Why?
In my opinion, they are going to push it up. If the market stabilizes and stops falling, we could see growth. I have indicated the optimal target on the chart.
Trade Setup: SUI Long Position (Support Breakout) Market Context: SUI has broken above the prior support level from August and is showing strength by not fully retracing. This breakout provides a promising opportunity for a long trade.
Trade Setup:
Entry: Long spot position around $0.79.
Take Profit:
First target: $0.88
Second target: $1.00
Final target: $1.155
Stop Loss: $0.71
📊 This setup capitalizes on the breakout, with multiple profit targets to capture gains, and a stop loss to manage downside risk. #SUI #CryptoTrading #Breakout
Alikze »» SUI | Daily FVG gap🔍 Technical analysis: Daily FVG gap
- According to the analysis presented in the previous post, after creating demand in the green box area, it grew to the supply area.
- Currently, according to the structure formed in the supply area, a twin roof with a shorter roof is observed.
- But in the 8H time frame, it is moving in a descending channel. Demand has also been met at the bottom of the channel.
- Therefore, according to the FVG gap in the 1D time frame, if the selling pressure continues, it can make a correction to the green box area and retest it to fill the gap.
💎 Alternative scenario: also, if he can break the middle of the channel upwards, he can retest the supply area again.
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BINANCE:SUIUSDT
SUI Diamond Pattern Formation will Break to Downside (SHORT)I am Seeing a price crash and "V-Shape" recovery in the cards for the SUI price chart. Diamond pattern formation will break to the downside for a measured move down to the 1.618 fib extension. Fed emergency rate cut will reverse the markets back upwards into the US Elections.
Lower buy target @ or around 0.272
SUI Upside AnalysisAfter completing 5 waves down, bulls came back to the game and pushed an impulsive wave to the upside, which I'm labeling as 1/A.
The correction for wave 2/B is pretty straightforward, and I expect the yellow zone to offer support for another leg to the upside.
Targets can be set after we get a clear definition of wave 2.
SUI buy/long setupThe structure of SUI has changed to bullish with recent pump and CH.
We are looking for discount ranges for buy/long positions.
The green range is a valuable discount range.
We are looking for buy/long positions in the Demand range.
Closing a daily candle below the invlidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
#SUI/USDT#SUI
We have a downtrend pattern on the 12-hour frame, the price is moving within it and adhering to its boundaries well
We have a support area in green at 0.800 after the price touched it and bounced from it
We have a trend to stabilize above the 100 moving average
We have an uptrend on the RSI indicator that supports the price upwards and is expected to break it
Entry price 0.9080
First target 1.066
Second target 1.22
SUI breakeven zoneFriends, we use the following strategy: we identify an active cryptocurrency with high trading volume, determine a key liquidity zone, and wait for the price to enter this area. Then, we monitor the market for the optimal entry point. The exit is done in stages, with the stop-loss being gradually moved to the breakeven zone.
#SUI/USDT#SUI
The price is moving in a descending channel on the 1-hour frame and is about to break upwards
We have a trend to stabilize above the moving average 100
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards
We have a major support area in green at a price of 0.7900 from which the price rebounded
Entry price 0.8200
First target 0.8810
Second target 0.9330
Third target 0.9995
Suiusdt potential 5x incomingSUIUSDT is showing a potential cup and handle formation, indicating a bullish outlook. The cup phase has completed, and the handle is currently forming, expected to end around the accumulation zone. The target price, derived from the pattern, suggests significant upside potential upon a breakout.
A crucial stop loss level is identified below the accumulation zone to manage risk; if the price drops below this, the pattern may fail. Key levels to watch are the support at the handle's lower boundary and resistance at the upper boundary.
SUI/USDT Analysis Heading Towards $2.10?Current Price: $0.859
🟢 Key Points:
Fibonacci Retracement: SUI/USDT is currently trading within the "Golden Pocket" between the 0.618 and 0.65 Fibonacci retracement levels, a critical area often associated with strong buying interest.
Price Target: The 2.618 Fibonacci extension suggests a potential target of $2.189, which aligns with recent technical developments.
Latest News Impact: The SUI ecosystem is seeing significant activity, including potential bullish momentum driven by recent developments such as Grayscale's announcement of a new SUI trust fund and notable OTC bids from large investors. These factors have contributed to a positive market sentiment, with SUI potentially poised for a 40% rally in the near term (CoinGape) (TradingView).
🔄 Potential Scenario:
After a strong recovery from recent lows, SUI might push towards the 1.618 Fibonacci extension ($1.527) and eventually the 2.618 extension ($2.189). The recent price action, bolstered by strategic network upgrades and increased institutional interest, supports this outlook. However, traders should be mindful of potential pullbacks, especially if SUI fails to hold its current support levels (CoinGape) (World Coin Index).
💡 Conclusion:
With recent bullish developments, SUI/USDT shows promising signs of a rally towards $2.10, especially if key resistance levels are broken. Short-term dips could present buying opportunities in light of the ongoing positive market sentiment.
SUI Aims Higher!!Bullish move up from holding the VAL. A few demand zones shown below where a nice bounce can happen. The daily level above and golden pocket would be the target.
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