SUIUSDT trade ideas
SUI potential longhello and greetings to everybody.
today we have almost a perfect setup to execute and I will explain the details in a minute so bear with me.
in the 1h picture, we clearly have a bullish structure and price in my opinion finished the pullback phase and is ready to go higher.
we came to a 1h demand and after that, the price broke the structure and gave us the confirmation but the other thing is before that move the price sold very aggressively to the downside and liquidated all those orders then gave us a shift in market structure shift and also that low that got liquidated was the previous day low too.
I'm thinking at this point that the price will probably go and will take out the external liquidity or maybe the week high.
so I opened an order set it at a 15-minute order block and targeted all those liquidity to the upside that is marked on the chart and if we get tagged in the order after that BE line I'm gonna go break even.
for context, the blue dots are our current micro range that I mark personally.
that is it, thanks for reading.
SUIIt is going as planned. Final target Wave 3 would be around 5.3. Then I expect to see some correction to print wave 4.
Sui Breakout Dynamic Channel After a reasonable price growthIf the price correction was slow and accompanied by a decrease in orders, we can hope for a red zone
$SUIUSDT - Strong Support. Huge pushg from hereBINANCE:SUIUSDT - Strong support zone identified for SUI. Strong push from here. All the best guys.
SUI Outlook H4The form of a Bull Flag pattern, there is rejection in the RSI which indicates many buyers,
there is potential for BMS, if there is a price will head to the first BSL at 39300, and at fibbonaci 1,618 at 43047
if there is a correction and BMS fails to occur the price can fall to entry 1 and 2, if it is still held at entry 2, the bull flag is still confirmed, otherwise the price will fall to the nearest SSL
Sui cool off then 5$SUI has been on a tear lately and I have started to add to the position simply due to its general momentum and strength related to BTC. I would love to see a cool off here as the BBWP has fired red multiple times and the weekly stochastic has been very high for a while. A week or two consolidation above 3.2 would be very bullish before a rip to 5$. This would allow the 5 EMA to catch up to current price and reset volatility/momentum indicators. I firmly expect to see 11-12$ next year.
"SUI : Strategic Supports and Resistances on the radarIn the short term, the token could face resistance near $3.69, with significant support at $3.41. If the overall market shows strength, there is potential to test $3.85. The RSI appears to be close to the upper bound, suggesting a potential reversal in the short term.
Support:
$3.4160: A relevant level where the price has previously tested and found support.
$3.1060: Stronger support in case of a sharper decline.
Resistance:
$3.6921: A level close to local resistance, which the price has tested several times without breaking through.
$3.8519: Higher resistance, which could be challenged in case of increased buying strength.
SUI is the native token of the Sui blockchain, which is a layer-1 platform focused on scalability and performance. Developed by Mysten Labs, it uses a parallel execution model, making it efficient for decentralized applications (dApps) and NFTs.
Token Functions:
Transaction Fees: Used to pay fees on the network.
Staking: Participation in network validations.
Governance: Holders can participate in network decisions
SUI announced its partnership with $1.💰 #SUI announced its partnership with $1.7 Trillion Franklin Templeton digital assets - HUGE🔥
CRYPTOCAP:SUI With such strategic partnership we can send CRYPTOCAP:SUI to 2-digits🚀
Buy wide liquidity resting at $3.9The sell side liquidity as been grabbed around $3.2 which shows a strong sentiment that buys are in control. Since we're forming strong lows and weak highs, we expect the recent sweep on the sell side liquidity to give us ATH since there is liquidity resting around $3.9
SUI maintains $3 after two-hour outageYesterday, the Layer-1 blockchain Sui experienced a two-hour blackout, halting block production and rendering transaction processing impossible. This network outage led to a slight dip in SUI’s price, falling from $3.73 to $3.64.
Around 10:52 UTC, web3 security firm ExVull disclosed that a DOS bug caused the Sui network outage. Fully known as a Denial-of-Service (DoS) attack, the bug” refers to a software attack that overwhelms a system with excessive traffic or requests, causing it to become unavailable to legitimate users by crashing or severely slowing its functionality.
Following this development, several exchanges halted SUI transactions as the price also dipped a little. However, nearly two hours later, the project updated its community, saying that validators had assisted in resolving the issue.
Consequently, on a daily chart, SUI continues to trade within an ascending channel. An ascending channel, also called a rising channel or channel up, is a chart pattern defined by two parallel upward-sloping lines.
It forms when the price shows higher swing highs and higher swing lows, indicating an ongoing uptrend. Furthermore, the Chaikin Money Flow (CMF) has increased, suggesting that buying pressure has outpaced distribution.
If this continues, SUI’s price could climb above $4. However, if a Sui network outage occurs again, this might not happen. In that scenario, the value could drop below $3.
TradeCityPro | analyzing SUI as Bitcoin Dominance Declines👋 Welcome to the TradeCityPro Channel!
Today, I’m analyzing the popular SUI coin for you. SUI, a prominent Layer-1 blockchain in the market, has gained significant attention from investors in recent months. With an influx of capital into its network, the SUI coin’s price has experienced notable growth.
👑 Currently, Bitcoin continues its upward trend, marking a new all-time high (ATH) at $98,380. However, Bitcoin dominance has started to decline after a fake breakout of 61.32, leading to corrections. As a result, while Bitcoin consolidates, altcoins have begun to move.
⚡️ For instance, Ethereum has climbed 9%. If Bitcoin dominance continues its downward trend, we may expect a short-term altcoin season. Should the decline persist, Bitcoin dominance could retest its ascending trendline.
🔽 Key downward targets are 59.56 and 58.64. If dominance reaches these levels while Bitcoin prices rise, we could witness significant rallies in altcoins.
📅 Weekly Timeframe: Pullback to $1.786 and Movement Toward New Targets
In the weekly timeframe, you can observe that buying volume entered SUI around July, when it hit a low at $0.5694. This buying pressure has driven the price upward, helping SUI achieve a new ATH.
🚀 Currently, after breaking the previous ATH at $1.786 and pulling back to this level (which aligns with the monthly R1 pivot), the price surged to R3, setting a new high at $3.70. If this bullish momentum persists, the next pivot-based target will be $4.75.
✅ Moreover, SUI features a parabolic trendline that has reacted twice so far. While this diminishes its reliability, a third interaction would validate its importance.
🌱 The RSI oscillator, after two consecutive candles closed in the overbought zone, has started correcting and is now testing the 70 level. As long as the RSI remains above 70, further upward movement is expected.
📅 Daily Timeframe: Beginning of a Correction?
In the daily timeframe, SUI has had two bullish legs so far: the first from $1.00 to $2.1368, and the second from $2.1368 to $3.8111. At the peak of each leg, RSI reached 84, followed by corrections. The first correction was time-based, and the second is likely to follow a similar pattern.
📊 Currently, with RSI dropping below 70, a correction may have begun. However, if RSI re-enters the overbought zone, another bullish leg could occur. Using the yearly pivot and Fibonacci levels, targets for the next leg are $4.74, $6.40, and $9.17.
📈 If you purchased SUI after breaking resistances at $1.00 or $2.1368, I recommend securing your initial investment if your profit exceeds 100%, while holding onto the gains. Otherwise, wait for a trend reversal before taking further action.
🧩 As the market enters a corrective phase, buying volume is naturally declining, which actually supports the continuation of the bullish trend. If the price corrects further and RSI drops, the 50 level on the RSI will be crucial.
📅 4-Hour Timeframe: Futures Triggers
In the 4-hour timeframe, I’ll outline the key futures triggers based on my analysis.
🔍 After reaching the $3.8814 zone, as noted in the daily analysis, the price entered a correction phase, dropping to $3.4295. If you’re holding a long position from the breakout at $2.3649, I suggest taking profits if the price stabilizes below $3.4295. The next support zone lies between $2.80 and $3.00, which aligns with the Fibonacci golden zone and is likely to halt further declines.
🔴 If the correction continues, the next critical level is the trendline visible in the daily timeframe.
📈 Should buying volume return and RSI holds above 40.91, the breakout of $3.8814 becomes a reliable trigger for futures trading, with the first target at $4.7422.
💎 SUI/BTC Pair Analysis
The SUI/BTC chart mirrors the USDT pair, showing an upward trend but struggling with significant resistance. Today’s green daily candle highlights Bitcoin dominance’s impact on altcoins.
Currently, the pair is testing resistance at 0.00003820, with another resistance zone at 0.00004202 nearby. If both levels are broken, the price could climb to 0.00005130.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Just for me - SUI Sky is the limit!SUI is gonna be one of the big guys this/next bullrun. Be patience, but this one is gonna be massive. To less data on the weekly for me to give more info. But also with the ongoing partnerships, get ready and buckle up your seatbelts!
2.4 RR tradeIf price happens to retrace to the indicated range, it should be able to target the given target!
Above 360% with SUI strategyNo predictions, no telling the future, just automation with strategy. SUI has been volatile in 2024, alternating between downward corrections and growth. Taken together, how much profit do you make from SUI? Backtesting results for this strategy for SUI came in at 367% (commission included) as of January 1, 2024. Quite interesting! Strategy S1-TM is available to check.
SUIUSDT Elliott Waves Analysis (Investment idea)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity.
Everything on the chart.
Entry: market and lower
Targets: 2.5 - 5 - 7.5 - 10
Optimistic target: 15 - 20$
after first target reached move ur stop to breakeven
Stop: (depending of ur risk).
ALWAYS follow ur RM
risk is justified
It's not financial advice.
DYOR!
SUI breaking out of triangle to new ATHSUI breaking out of triangle to new ATH. This might be the last chance to get SUI below $4 on this bull run.
Potential SHORT: SUI1. Divergence on Stoch RSI and price Action indicate strong reversal
2. Tweezer top candles are showing strong bearish.
Strong pull back is coming.
SEI vs SUIIf you missed SUI, I’d recommend looking into SEI.
I’ve shown on my chart how similar these two coins are:
•Same technical structure
•Same HH-HL bull pattern
•Breakout of a key level
•Same double top pattern
So, a huge pump is coming!
Eyes on this #SUI/USDT 4H FVG to long.Eyes on this #SUI/USDT 4H FVG to long.
Wait for a reaction after tapping 4H FVG. CRYPTOCAP:SUI local support level is PWL $3.8296 and the resistance level is PDH $3.9461.
Will SUI Bounce Back? Key Indicators Suggest Potential ReversalBINANCE:SUIUSDT is currently navigating a critical phase, as highlighted in the latest 1-hour chart analysis. The market is in consolidation, with key support and resistance levels indicating potential price movements.
Recent price action shows a gradual decline from the $3.7722 resistance level, with significant zones at $3.8491 and $3.8763 acting as potential profit targets for bullish traders. Conversely, immediate support is at $3.6342, with lower levels at $3.2894 and $3.2621 presenting downside risks.
Technical indicators reveal a bearish trend, with the 9 EMA consistently below the 20 EMA and a growing negative divergence in the MACD histogram. However, the RSI suggests the asset is nearing oversold conditions, which could lead to a temporary reversal.
Traders should consider a breakout above $3.7722 for long positions, while a breakdown below $3.6342 may signal short opportunities. Vigilance and strategic stop-losses are essential in this volatile environment.
