๐ SUI/USDT Trade Signal โ 1H Timeframe
๐ Current Price: 2.7211 (+3.99%)
๐ฅ Trend: Bullish Momentum with Possible Pullback
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๐น Market Overview
SUI has been on a strong uptrend, with price action forming higher highs and higher lows. Buyers have dominated, pushing the price close to 2.80, but recent rejection suggests a potential retracement before the next leg up.
Volume remains strong, and Fair Value Gaps (FVGs) below could act as re-entry points for bulls. However, RSI is creeping toward overbought territory, meaning we could see some consolidation or a dip before the next move.
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๐ Long Setup (Bullish Bias)
๐ฏ Ideal Entry Zone: 2.64 โ 2.68 (FVG Retest)
๐ Target 1: 2.75
๐ Target 2: 2.80+ (Breakout Retest)
๐ Stop Loss: Below 2.60 (Structure Invalidation)
๐ Strategy:
Look for a strong bounce from 2.68 โ 2.72, confirming bullish intent.
If price consolidates above 2.70, expect a push toward 2.80 and beyond.
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๐ Short Setup (High-Risk Reversal Play)
๐ฏ Entry Zone: 2.78 โ 2.80 (If Rejection Persists)
๐ Target 1: 2.70
๐ Target 2: 2.60
๐ Stop Loss: Above 2.85
๐ Strategy:
Only consider shorts if clear rejection forms near 2.80, signaling a potential local top.
Volume confirmation is keyโwithout strong sell pressure, bulls will likely regain control.
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๐ Technical Breakdown
โ RSI: 68.54 โ Strong but nearing overbought territory.
โ Volume: Bullish dominance, but some sell wicks appearing.
โ Key Support: 2.60 โ 2.65 (FVG Zone)
โ Key Resistance: 2.80 โ 2.85 (Breakout Level)
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๐จ Conclusion & Trade Plan
SUI/USDT remains bullish, but a short-term retrace is likely before continuation. Ideal long entries are around the FVG zone (2.64 โ 2.68), while aggressive shorts could look for a rejection at 2.80.
๐ข Stay patient, watch volume, and trade smart! ๐
