$SUI Ready for Bounce? Short-Term Reversal Setup
Trade Direction: LONG
Entry Zone: 0.6930 - 0.6960
Stop Loss: 0.6890 (below recent swing low)
Take Profits:
TP1: 0.7020
TP2: 0.7080
TP3: 0.7150 (next liquidity zone)
Why this setup?
The chart shows a sharp early drop from 0.700 followed by clear consolidation and higher lows. We’re currently holding above the 0.693-0.695 horizontal support zone with building green momentum candles. Market structure is forming potential higher lows after the initial sell-off. This creates a high-probability long setup targeting the 0.700 resistance and beyond, especially if we see a clean break above the recent highs. EMA alignment and price action support bullish continuation from this level for the short term.
What’s your take bullish continuation or fakeout?
Trade Direction: LONG
Entry Zone: 0.6930 - 0.6960
Stop Loss: 0.6890 (below recent swing low)
Take Profits:
TP1: 0.7020
TP2: 0.7080
TP3: 0.7150 (next liquidity zone)
Why this setup?
The chart shows a sharp early drop from 0.700 followed by clear consolidation and higher lows. We’re currently holding above the 0.693-0.695 horizontal support zone with building green momentum candles. Market structure is forming potential higher lows after the initial sell-off. This creates a high-probability long setup targeting the 0.700 resistance and beyond, especially if we see a clean break above the recent highs. EMA alignment and price action support bullish continuation from this level for the short term.
What’s your take bullish continuation or fakeout?