SUI/USDT 1H: Bulls Eyeing $5.05 After Key Reversal!!

SUI/USDT 1H Chart Analysis
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Current Price: $4.52

Market Condition:

• Bullish reversal forming after testing key support at $4.35.
  
• RSI shows bullish divergence, signaling potential upside.
  

Position Recommendation:

• Trade Type: Long (Confidence: 8/10)
  
• Entry Zone: $4.50-$4.55
  
• Targets:
  
• T1: $4.85
  
• T2: $5.05
  
• Stop Loss: Below $4.32
  

Technical Highlights:

• Hidden bullish divergence on RSI (higher lows on RSI vs. lower lows on price).
  
• Smart Money accumulation evident, with increased buy volume at $4.35.
  
• Risk Score: 7/10 due to recent market volatility.
  

Market Maker Activity:

• Accumulation phase complete at $4.35-$4.40 zone.
  
• Likely aiming for a move toward $5.15 for distribution.
  
• Key resistance at $4.85 and $5.05 must clear for further upside momentum.
  

Recommendation:

• This setup offers a strong opportunity with proper risk management.
  
• Monitor volume and price action at key resistance levels for confirmation.
  
• Confidence Level: 8/10 for bullish continuation.