$SUI Ready to Explode! 🚀
Entry Zone: 1.4320 - 1.3980
Stop Loss: 1.3800
Take Profit Targets:
∙ TP1: 1.4850
∙ TP2: 1.5420
∙ TP3: 1.6594
$SUI is staging a powerful comeback from a low of 1.3260, currently retesting 1.4436 and forming a higher low on the 4-hour chart. Price action signals increasing momentum after breaking through the 1.4348 resistance, with volume steadily rising – money is flowing back in! 📈 The 7-period Moving Average is acting as support at 1.4534, while the 25 and 99-period MAs remain above, adding further strength. Current volume stands at 2.03B, indicating healthy liquidity, supported by a 9.35B 5-period MA volume. A balanced 46.58%/53.42% buy/sell ratio suggests diminishing selling pressure. This setup has a high probability of success as price tests former resistance now acting as new support at 1.4436, aligning with the highest 24-hour liquidity pool. Holding above 1.4350 could lead to a retest of the 25-period MA at 1.4348 and a push towards the 99-period MA at 1.5421. Excellent risk/reward with a 1:3 ratio targeting TP2 at the 99-period MA.
#SUI #CryptoTrading #Altcoin #TechnicalAnalysis 🚀
