SUI Price Action Update: Stalking the 2H Order Block for a Precision Entry
Fellow traders, let’s break down the recent price action on SUI, the high-flying Layer-1 crypto, and why I’m patiently waiting for my dream setup to jump in. Warning: Trading is a high-stakes game, and you could lose your shirt! Always do your own research, manage risk, and never bet more than you can afford to lose.
BUT lets get into it !
Im locked in on the 2-hour chart, hunting for a textbook entry.
My setup hinges on SUI tapping a 2H order block—a demand zone where institutional buyers likely stacked their orders, typically between $3.60-$3.65 based on recent liquidity pools. This zone aligns with a key support level where SUI has bounced before. I’m also waiting for a break of structure (BOS) to the upside, where SUI takes out the most recent higher high (around $3.8 depending on the move) on the 2H chart.
This would confirm bullish momentum and signal the start of a new impulse wave.
Once I see the price tap the order block, show rejection (like a bullish pin bar or engulfing candle), and then break above 3.8 or whatever the Lower high may be, I’ll enter a long position. My target? The next resistance at $4.75 or even a retest of $5.35 if the bulls keep charging. Stop loss will be tight, just below the order block at $3.45, to keep risk low.
Fellow traders, let’s break down the recent price action on SUI, the high-flying Layer-1 crypto, and why I’m patiently waiting for my dream setup to jump in. Warning: Trading is a high-stakes game, and you could lose your shirt! Always do your own research, manage risk, and never bet more than you can afford to lose.
BUT lets get into it !
Im locked in on the 2-hour chart, hunting for a textbook entry.
My setup hinges on SUI tapping a 2H order block—a demand zone where institutional buyers likely stacked their orders, typically between $3.60-$3.65 based on recent liquidity pools. This zone aligns with a key support level where SUI has bounced before. I’m also waiting for a break of structure (BOS) to the upside, where SUI takes out the most recent higher high (around $3.8 depending on the move) on the 2H chart.
This would confirm bullish momentum and signal the start of a new impulse wave.
Once I see the price tap the order block, show rejection (like a bullish pin bar or engulfing candle), and then break above 3.8 or whatever the Lower high may be, I’ll enter a long position. My target? The next resistance at $4.75 or even a retest of $5.35 if the bulls keep charging. Stop loss will be tight, just below the order block at $3.45, to keep risk low.
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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.
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.