SUI/USDT 1H: Bullish Momentum Holding – Can $4.00 Be Next?

SUI/USDT 1H: Bullish Momentum Holding – Can $4.00 Be Next?
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Market Structure & Momentum:

• Pattern: Ascending channel, forming higher lows and higher highs, confirming bullish continuation.
  
• Current Price: $3.71, maintaining strength after breaking key $3.50 resistance.
  
• RSI at 65, showing steady momentum but not yet overbought.
  
• No significant divergences, indicating trend stability.
  

Key Levels:

• Support: $3.50 (previous resistance now turned support).
  
• Resistance: $3.85 (next major level).
  
• Stop Loss: Below $3.45 (under key support).
  
• Targets:
  
• T1: $3.85 (short-term target).
  
• T2: $4.00 (psychological level & breakout zone).
  

Analysis & Smart Money Concepts:

• Smart Money accumulation visible, with strong buy volume on the recent breakout.
  
• Market Makers positioning for the next leg up, likely targeting liquidity above $3.85-$4.00.
  
• Favorable R:R setup, with risk score at 7/10.
  

Trade Setup:

• Entry Zone: $3.68 - $3.72 (ideal range for positioning).
  
• Conservative traders may wait for a retest of $3.50 support before entering.
  

Recommendation:

• Long positions remain favorable as price structure supports further upside.
  
• Watch for breakout above $3.85 for confirmation toward $4.00.
  
• Tight stops below $3.45 to protect against invalidation.
  

Confidence Level:

• 8/10 – Strong uptrend continuation signals, but patience for retest could offer better positioning.
  

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