SUI Swing Long Opportunity
📊 Market Sentiment
Market sentiment remains strongly bullish as the FED is expected to deliver a 0.25% rate cut, with speculation building for a possible 0.5% cut in September. Monetary policy shifts are being driven by both inflation trends and weakening labor market data. The latest August and September job reports were soft, signaling that the economy is cooling rapidly. This environment continues to fuel expectations for a major bullish run in the weeks ahead.
📈 Technical Analysis
Price ran the HTF liquidity and bounced from there.
Price tested the HTF key resistance level three times and was rejected, but today it finally broke and closed above the HTF key SR. I expect this level to hold.
Price also broke the bearish trendline that had been controlling the bearish trend since July 27th.
📌 Game Plan
I will be looking to build a long position when we retest the broken HTF Key Level at $3.44.
Possibly, price may also retest the broken trendline, but I won’t be relying on that scenario.
🎯 Setup Trigger
Retest of the broken HTF key level.
📋 Trade Management
Stoploss: $3.34 (below the HTF key level with 2 consecutive 4H candle closures)
Target:
TP: $3.71
💬 Like, follow, and comment if you find this setup valuable!
⚠️ Disclaimer: This content is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Always do your own research before making any financial decisions.
📊 Market Sentiment
Market sentiment remains strongly bullish as the FED is expected to deliver a 0.25% rate cut, with speculation building for a possible 0.5% cut in September. Monetary policy shifts are being driven by both inflation trends and weakening labor market data. The latest August and September job reports were soft, signaling that the economy is cooling rapidly. This environment continues to fuel expectations for a major bullish run in the weeks ahead.
📈 Technical Analysis
Price ran the HTF liquidity and bounced from there.
Price tested the HTF key resistance level three times and was rejected, but today it finally broke and closed above the HTF key SR. I expect this level to hold.
Price also broke the bearish trendline that had been controlling the bearish trend since July 27th.
📌 Game Plan
I will be looking to build a long position when we retest the broken HTF Key Level at $3.44.
Possibly, price may also retest the broken trendline, but I won’t be relying on that scenario.
🎯 Setup Trigger
Retest of the broken HTF key level.
📋 Trade Management
Stoploss: $3.34 (below the HTF key level with 2 consecutive 4H candle closures)
Target:
TP: $3.71
💬 Like, follow, and comment if you find this setup valuable!
⚠️ Disclaimer: This content is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Always do your own research before making any financial decisions.
Trade ist aktiv
Entered the trade and already got a reactionTrade geschlossen: Ziel wurde erreicht
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.