📊 Market Sentiment
Market sentiment remains bullish, supported by expectations of a 0.25% rate cut at the upcoming FOMC meeting. The weakening USD and rising risk appetite across global markets are favoring crypto assets in particular.
📈 Technical Analysis
SUI recently gained bullish momentum, largely following Bitcoin's strength.
We’re now seeing a healthy retracement, which is expected after a strong move.
The break of the LTF bullish trendline suggests potential for a deeper pullback toward HTF confluence zones.
📌 Game Plan
I'm eyeing the HTF demand zone around $3.06, which aligns with the 0.5 Fibonacci retracement—a key discount zone.
Just below this, we also have a higher time frame bullish trendline, which could offer dynamic support.
These overlapping levels provide a strong confluence for a swing long idea.
🎯 Setup Trigger
I’ll wait for a 4H bullish break of structure and the formation of an LTF demand zone before entering.
📋 Trade Management
Stoploss: Below 4H demand swing low
Target: Up to $4.44
I’ll trail my stop to lock in profits aggressively along the way.
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.