$SUN 4h Overview
- I expect the price to try and hold above the 0.01701–0.01711 support zone, with a bounce likely if a bullish reversal is confirmed in this area.
- First target to the upside is 0.01780. If that breaks with momentum, the next level to watch is 0.01834.
- For a safe long trade, wait for a clear bullish candlestick pattern or strong reversal signal on the lower timeframes at the 0.01701–0.01711 demand zone. Do not jump in blindly—look for confirmation like a pin bar, bullish engulfing, or a sharp low-timeframe reversal.
- Stop-loss should be set below the swing low (0.01687 or lower).
- If price closes below 0.01687, the bullish scenario is invalidated and I would expect a move toward 0.01614, where a new setup could be considered.
- If the price fails to break above 0.01780 with conviction, expect further chop or possible retest of the lower supports.
