SUI / USDT
Timeframe for main analysis: 15m – 1h
Trend:
• Current trend: Bullish Recovery (Recovery after a deep drop)
• Important price range: Sup: 1.55 - 1.58 | Res: 1.72 - 1.75
Liquidity Map:
• Liquidity above: 1.75 (Local Swing High)
• Liquidity below: 1.50 (Old strong demand zone)
• Liquidity hunting potential: Potential retest at 1.56-1.57 to shake off weak Long positions.
Funding & OI:
• Current Funding: Neutral/Positive (Money flow back in)
• OI increase/decrease, signal: OI steadily increasing, spike in buying volume at 15m.
Technical Indicators:
• RSI: 52 (Neutral - Uptrend room available)
• MACD: Potential bullish crossover on the 1h timeframe.
• Volume: Slight increase at support level 1.55
Trade Setup:
• Entry: 1.56 – 1.59
• Take Profit (TP): 1.72 – 1.78
• Stop Loss (SL): 1.49
• Bias: LONG
click here to trade:
• Reason: Good reaction at the support level 1.55 (according to data from Investing.com/Binance), Higher Low structure forming.
Risk Note:
Maintain SL discipline. SUI is highly volatile, be careful of tail sweeps.