SUI LONG IDEA - SUI NETWORK
I believe we are due for an altcoin bounce, and SUI might be one of the top performers in the upcoming move. It’s definitely worth keeping an eye on SUI these days.
What happened?
The price bounced from the daily demand zone and started moving up. However, there are plenty of sell orders at the top, leading to a rejection and a slight move lower.
Game Plan:
I expect the price to retrace back to the max discount zone (Fibonacci retracement) and run the 4H liquidity while doing so.
I’ll be looking for long entries after getting LTF confirmations when we run the 4H liquidity (black line inside the green box).
Targets:
TP: $3.57 (Bearish trendline) — rest will be left to run
SL: $2.87 (Below 4H close)
What happened?
The price bounced from the daily demand zone and started moving up. However, there are plenty of sell orders at the top, leading to a rejection and a slight move lower.
Game Plan:
I expect the price to retrace back to the max discount zone (Fibonacci retracement) and run the 4H liquidity while doing so.
I’ll be looking for long entries after getting LTF confirmations when we run the 4H liquidity (black line inside the green box).
Targets:
TP: $3.57 (Bearish trendline) — rest will be left to run
SL: $2.87 (Below 4H close)
Ordine annullato
LTF confirmation hasn’t been seen, so the trading idea is canceled.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.