In the previous analysis, we highlighted a short opportunity near $4.20, which played out perfectly. Now, SUI has reached a key demand zone around $3.40–$3.55, overlapping with the lower boundary of the ascending channel and a previously defined bullish order block.
🔹 Market Structure:
After breaking the bullish structure, price is now revisiting a major liquidity zone between $3.40 and $3.55.
🔹 Price Behavior:
Wicks to the downside suggest buy-side absorption and potential for short-term reversal.
🔹 Possible Scenario:
If the $3.40 zone holds, we could see a corrective move up to the supply zone around $3.90–$4.00.
📌 Key Levels:
• Support: $3.40–$3.55
• Resistance: $3.90–$4.00
❗️If the $3.40 support fails, bullish momentum will likely be invalidated in the short term.
🧠 Pro Tip (SMC-based):
When a demand zone aligns with liquidity sweep and channel support, it often becomes a high-probability area for institutional re-entries. Wait for a clear confirmation like BOS or bullish engulfing candle before entering.
⸻
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🔹 Market Structure:
After breaking the bullish structure, price is now revisiting a major liquidity zone between $3.40 and $3.55.
🔹 Price Behavior:
Wicks to the downside suggest buy-side absorption and potential for short-term reversal.
🔹 Possible Scenario:
If the $3.40 zone holds, we could see a corrective move up to the supply zone around $3.90–$4.00.
📌 Key Levels:
• Support: $3.40–$3.55
• Resistance: $3.90–$4.00
❗️If the $3.40 support fails, bullish momentum will likely be invalidated in the short term.
🧠 Pro Tip (SMC-based):
When a demand zone aligns with liquidity sweep and channel support, it often becomes a high-probability area for institutional re-entries. Wait for a clear confirmation like BOS or bullish engulfing candle before entering.
⸻
🔗 Like, share, and follow for more Smart Money & Elliott Wave-based insights!
📊 CryptoPilot – Advanced Technical Analysis for BTC & Altcoins
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
Related publications
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.
📊 CryptoPilot – Advanced Technical Analysis for BTC & Altcoins
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
Related publications
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.