SUI | SUI Network Swing Long IdeaSUI | Swing Long Idea
📊 Market Sentiment
Overall sentiment remains bullish, supported by expectations of a 0.25% rate cut in the upcoming FOMC meeting. A weakening USD and increased risk appetite across global markets are creating favorable conditions for further upside in crypto assets.
However, tomorrow’s CPI data is a key risk event for markets. It will be released at 08:30 AM NY local time, and could cause notable volatility across risk assets.
📈 Technical Analysis
Price began a retracement after a strong bullish expansion.
The move deepened following a break of the bullish trendline.
Price bounced from the Weekly Fair Value Gap (W-FVG) and retested the broken trendline, only to face rejection again.
This suggests price may still want to head lower to collect liquidity before continuing higher.
📌 Game Plan
Primary watch level: Daily demand zone (blue box) at $3.53.
This level could be enough to spark continuation higher, but ideally I’d like to see the 4H swing liquidity at $3.44 taken out first to strengthen the setup.
🎯 Setup Trigger
Wait for a 4H break of structure after the game plan levels are met.
📋 Trade Management
Stoploss: 4H swing low that caused the break of structure
Targets:
TP1: $3.81
TP2: $4.00
TP3: $4.44
Will trail stops aggressively to secure profits as the trade moves in my favor.
💬 Like, follow, and comment if this breakdown supports your trading! More setups and market insights coming soon — stay connected!
