SUI/USDT 1H: Bulls Eyeing $4.80 After Key Support Bounce

SUI/USDT 1H Chart Analysis
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Current Price: $4.42

Market Structure:

• Consolidation phase following a bounce from $4.20 support.
  
• RSI: 55.23, neutral with bullish divergence indicating potential upside.
  

Key Levels:

• Support: $4.20 (major support zone).
  
• Resistance: $4.65, $4.80.
  

Smart Money Analysis:

• Fair Value Gap (FVG): Identified at $4.45-$4.50.
  
• Order Blocks:
  
• Bullish OB: $4.20-$4.25.
  
• Bearish OB: $4.70-$4.75.
  

Trade Setup (Confidence Level: 7/10):

• Entry Zone: $4.35-$4.40.
  
• Targets:
  
• T1: $4.65
  
• T2: $4.80
  
• Stop Loss: Below $4.15.
  
• Risk Score: 6/10 (moderate risk due to range-bound conditions).
  

Market Maker Activity:

• Accumulation seen at $4.20 support zone.
  
• Distribution evident near resistance levels, indicating range-bound behavior.
  

Recommendation:

• Consider long positions within the $4.35-$4.40 range.
  
• Watch for breakout above $4.65 for stronger bullish continuation.
  
• Manage risk carefully given current market chop.
  
• Confidence Level: 7/10 for range-bound trading with bullish bias.
  

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