SUI/USDT 1H: Accumulation Brewing for a Breakout !

SUI/USDT 1H Chart Analysis (SMC Principles)

Current Price: $4.89

Support Levels:

FVG: $4.60 (accumulation zone).
Stop-loss level: $4.75 (below recent swing low).

Resistance Targets:

• T1: $5.05
  
• T2: $5.15
  

Momentum:

• RSI: 52, signaling neutral momentum.
  
• Hidden bullish divergence forming with higher lows against lower price lows.
  

Trade Setup:

• Entry: $4.85-$4.90
  
• Targets: T1: $5.05, T2: $5.15
  
• Stop Loss: Below $4.75
  

Market Maker Activity:

• Accumulation evident with wicks below $4.80 and strong buybacks, suggesting smart money positioning.
  

Notes:

• Watch for a clean break above $5.00 to confirm bullish continuation.
  
• Monitor volume for breakout validation.
  
• Confidence Level: 7/10 for bullish setup.