SUI/USDT Analysis: Buying Areas and probable Liquidity Sweep ?SUI/USDT Technical Analysis: Buying Opportunity, Anticipated Price Bounce, and Potential Liquidity Sweep
SUI/USDT presents a compelling buying opportunity within the range of 6300-6400. This price zone serves as an attractive area for market participants looking to accumulate positions. Timing is crucial to capture potential upside movements.
Based on our technical analysis, an expected price bounce in the near future is projected for SUI/USDT. Traders can target the range of 8400-8500 as potential profit-taking levels.
It is important to note that these levels may act as areas of resistance, attracting selling pressure.
A liquidity sweep at the 5100 level is a possibility to consider before SUI/USDT re-claims the buying area of 6300-6400.
By patiently waiting for the liquidity sweep and subsequent re-claim of the desired range, traders can optimize their entries, minimizing risk and maximizing potential gains.
In conclusion, SUI/USDT offers a buying opportunity within the range of 6300-6400. Traders should be alert to potential price bounces in the range of 8400-8500, while also considering the possibility of a liquidity sweep at the 5100 level.
#plan your trade,trade your plan.
