š Trade Setup: $SUI ā Mean Reversion Bounce, Trend Still Weak
SUI bounced cleanly from the lower Bollinger Band after a sharp sell-off. However, price is still below major EMAs on 4H, suggesting this is a corrective move rather than a confirmed trend reversal.
š¼ Long Entry: 1.44 ā 1.46 USDT (EMA20 retest & bullish hold)
šÆ Take-Profit Targets:
TP1: 1.50 USDT ā Local resistance & VWAP area
TP2: 1.56 USDT ā EMA100 (4H)
š Stop-Loss: ā 1.40 USDT (Below higher low & BB midline)
Risk:Reward: ~ 1:1.8
ā ļø Risk Factors
Trend is still bearish on higher TFs
Rejection at 1.50ā1.56 may lead to range continuation
#sui #cryptotrading #BinanceFutures #TechnicalAnalysis #BinanceSquare
