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SUI Accumulating Around 0.70, 4H EMA Suggesting Reversal?
$SUI /USDT - LONG
Trade Plan:
Entry: 0.6979 – 0.7019
SL: 0.6747
TP1: 0.7188
TP2: 0.7315
TP3: 0.7504
Why Focus on This Structure?
- RSI on the 15-minute chart hit 28, a clear oversold signal, short-term rebound momentum building.
- Although the 1-day trend is bearish, the 4-hour LONG signal has 84% confidence, timing is ripe.
- Entry zone 0.6979-0.7019 sits near support, TP1 0.7188 is a resistance breakout level.
- Why now? Oversold + high-confidence LONG, room for a bounce has opened.
Discussion:
Will this rebound hit TP1 0.7188 first, or go straight to TP2 0.7315?