SUI/USDT Bullish Setup – Strong Rejection from Demand Zone!

7 Ağu

SUI is showing early bullish momentum after rebounding from a solid demand zone between $3.24 – $3.40. Buyers are defending this zone strongly, and price is now forming a higher low on the 4H timeframe, signaling potential upside continuation.

🔍 Technical Breakdown:
Demand Zone (Support): $3.24 – $3.40 (Highlighted in orange)

Current Price: $3.48 (Trading slightly above demand zone, showing bullish structure)

First Resistance (TP1): $3.7702 (prior support turned resistance)

Final Target (TP2): $4.1498 – $4.22 (major supply zone with historical selling pressure)

✅ Bullish Confluences:
Price formed double bottom at the demand zone

Bullish candle structure building up

Visible volume cluster supports bounce (LuxAlgo VRVP)

Clear upside imbalance toward $4.22

📌 Trade Setup:
If price continues to hold above $3.40 and breaks recent highs:

Entry: $3.45 – $3.50 (current breakout range)

SL: Below $3.24 (beneath the demand zone)

TP1: $3.7702

TP2: $4.1498

TP3 (extended target): $4.2207

🧠 Notes:
Watch for breakout above $3.55 for stronger momentum confirmation

Scaling out partially at $3.77 is wise due to previous resistance

Supply zone at $4.22 is a critical decision point

🟢 Bias: Bullish until $3.24 is broken

9 Ağu

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