SUI/USDT is displaying a strong bullish recovery pattern on the daily chart. The pair has formed a textbook V-shaped reversal, bouncing sharply from the Support Level 2 at $1.7169. The trend has shifted from bearish to bullish, supported by the Auto Trend Line indicator which confirms the uptrend.
🔵 Bullish Structure Highlights
• Price has broken above the intermediate Support Level at $3.1691, converting it into a potential support zone.
• Current price action is hovering around $4.01, with bullish momentum aiming toward the ATH Resistance at $5.38.
• The sharp upward leg is part of a clear V-shaped recovery, suggesting a continuation toward previous highs.
🟢 Trade Setup (Bullish Swing Trade)
Trade Element Level (USD)
Entry Zone $3.73 – $4.01
Stop Loss $3.71
Take Profit $5.38
Risk:Reward ~4.6 R:R (approx.)
📌 Rationale
• The price is approaching a key psychological level and former resistance zone at $5.38, making it a logical profit target.
• A tight stop-loss at $3.71, just below recent consolidation, helps manage downside risk.
• The trend structure supports a bullish continuation pattern, likely driven by breakout traders.
⚠️ Risk Consideration
• If price closes below $3.71, the bullish structure may break down, invalidating the setup.
• Traders should always assess market conditions and manage leverage appropriately.
🔵 Bullish Structure Highlights
• Price has broken above the intermediate Support Level at $3.1691, converting it into a potential support zone.
• Current price action is hovering around $4.01, with bullish momentum aiming toward the ATH Resistance at $5.38.
• The sharp upward leg is part of a clear V-shaped recovery, suggesting a continuation toward previous highs.
🟢 Trade Setup (Bullish Swing Trade)
Trade Element Level (USD)
Entry Zone $3.73 – $4.01
Stop Loss $3.71
Take Profit $5.38
Risk:Reward ~4.6 R:R (approx.)
📌 Rationale
• The price is approaching a key psychological level and former resistance zone at $5.38, making it a logical profit target.
• A tight stop-loss at $3.71, just below recent consolidation, helps manage downside risk.
• The trend structure supports a bullish continuation pattern, likely driven by breakout traders.
⚠️ Risk Consideration
• If price closes below $3.71, the bullish structure may break down, invalidating the setup.
• Traders should always assess market conditions and manage leverage appropriately.
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Trading involves substantial risk. Not financial advice
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Trade forex, indices, stocks and metals with up to US$100.000 in company's funding.
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
Pubblicazioni correlate
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.