SUI | Swing Long Idea
📊 Market Sentiment
Overall sentiment remains bullish, supported by expectations of a 0.25% rate cut in the upcoming FOMC meeting. A weakening USD and increased risk appetite across global markets are creating favorable conditions for further upside in crypto assets.
However, tomorrow’s CPI data is a key risk event for markets. It will be released at 08:30 AM NY local time, and could cause notable volatility across risk assets.
📈 Technical Analysis
Price began a retracement after a strong bullish expansion.
The move deepened following a break of the bullish trendline.
Price bounced from the Weekly Fair Value Gap (W-FVG) and retested the broken trendline, only to face rejection again.
This suggests price may still want to head lower to collect liquidity before continuing higher.
📌 Game Plan
Primary watch level: Daily demand zone (blue box) at $3.53.
This level could be enough to spark continuation higher, but ideally I’d like to see the 4H swing liquidity at $3.44 taken out first to strengthen the setup.
🎯 Setup Trigger
Wait for a 4H break of structure after the game plan levels are met.
📋 Trade Management
Stoploss: 4H swing low that caused the break of structure
Targets:
TP1: $3.81
TP2: $4.00
TP3: $4.44
Will trail stops aggressively to secure profits as the trade moves in my favor.
💬 Like, follow, and comment if this breakdown supports your trading! More setups and market insights coming soon — stay connected!
📊 Market Sentiment
Overall sentiment remains bullish, supported by expectations of a 0.25% rate cut in the upcoming FOMC meeting. A weakening USD and increased risk appetite across global markets are creating favorable conditions for further upside in crypto assets.
However, tomorrow’s CPI data is a key risk event for markets. It will be released at 08:30 AM NY local time, and could cause notable volatility across risk assets.
📈 Technical Analysis
Price began a retracement after a strong bullish expansion.
The move deepened following a break of the bullish trendline.
Price bounced from the Weekly Fair Value Gap (W-FVG) and retested the broken trendline, only to face rejection again.
This suggests price may still want to head lower to collect liquidity before continuing higher.
📌 Game Plan
Primary watch level: Daily demand zone (blue box) at $3.53.
This level could be enough to spark continuation higher, but ideally I’d like to see the 4H swing liquidity at $3.44 taken out first to strengthen the setup.
🎯 Setup Trigger
Wait for a 4H break of structure after the game plan levels are met.
📋 Trade Management
Stoploss: 4H swing low that caused the break of structure
Targets:
TP1: $3.81
TP2: $4.00
TP3: $4.44
Will trail stops aggressively to secure profits as the trade moves in my favor.
💬 Like, follow, and comment if this breakdown supports your trading! More setups and market insights coming soon — stay connected!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.