SUI Game Plan - Altcoin
📊 Market Sentiment
Overall sentiment remains bullish, supported by expectations of a 0.25% rate cut in the upcoming FOMC meeting. A weakening USD and increasing global risk appetite are creating favorable conditions for further upside in crypto assets.
📈 Technical Analysis
Price was rejected from the broken HTF bullish trendline.
It retraced back to the daily swing demand zone to gather more liquidity.
Price is currently trading below the 0.5 Fibonacci equilibrium level, which I consider a discount zone.
📌 Game Plan
I expect a deeper retracement towards the 4H swing liquidity at $3.45.
Additionally, the 0.75 Fibonacci max discount level aligns with this 4H swing liquidity. Running that liquidity would likely trigger a strong bounce.
🎯 Setup Trigger
I’ll be watching for a 4H break of structure (BOS) to initiate entries.
📋 Trade Management
Stoploss: 4H–1H swing low confirming the BOS
Targets:
TP1: $3.90
TP2: $4.18
TP3: $4.44
💬 Like, follow, and comment if you find this setup valuable!
⚠️ Disclaimer: This content is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Always do your own research before making any financial decisions.
📊 Market Sentiment
Overall sentiment remains bullish, supported by expectations of a 0.25% rate cut in the upcoming FOMC meeting. A weakening USD and increasing global risk appetite are creating favorable conditions for further upside in crypto assets.
📈 Technical Analysis
Price was rejected from the broken HTF bullish trendline.
It retraced back to the daily swing demand zone to gather more liquidity.
Price is currently trading below the 0.5 Fibonacci equilibrium level, which I consider a discount zone.
📌 Game Plan
I expect a deeper retracement towards the 4H swing liquidity at $3.45.
Additionally, the 0.75 Fibonacci max discount level aligns with this 4H swing liquidity. Running that liquidity would likely trigger a strong bounce.
🎯 Setup Trigger
I’ll be watching for a 4H break of structure (BOS) to initiate entries.
📋 Trade Management
Stoploss: 4H–1H swing low confirming the BOS
Targets:
TP1: $3.90
TP2: $4.18
TP3: $4.44
💬 Like, follow, and comment if you find this setup valuable!
⚠️ Disclaimer: This content is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Always do your own research before making any financial decisions.
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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.