SUI Price Action Update: Stalking the 2H Order Block for a Precision Entry
Fellow traders, let’s break down the recent price action on SUI, the high-flying Layer-1 crypto, and why I’m patiently waiting for my dream setup to jump in. Warning: Trading is a high-stakes game, and you could lose your shirt! Always do your own research, manage risk, and never bet more than you can afford to lose.
BUT lets get into it !
Im locked in on the 2-hour chart, hunting for a textbook entry.
My setup hinges on SUI tapping a 2H order block—a demand zone where institutional buyers likely stacked their orders, typically between $3.60-$3.65 based on recent liquidity pools. This zone aligns with a key support level where SUI has bounced before. I’m also waiting for a break of structure (BOS) to the upside, where SUI takes out the most recent higher high (around $3.8 depending on the move) on the 2H chart.
This would confirm bullish momentum and signal the start of a new impulse wave.
Once I see the price tap the order block, show rejection (like a bullish pin bar or engulfing candle), and then break above 3.8 or whatever the Lower high may be, I’ll enter a long position. My target? The next resistance at $4.75 or even a retest of $5.35 if the bulls keep charging. Stop loss will be tight, just below the order block at $3.45, to keep risk low.
Fellow traders, let’s break down the recent price action on SUI, the high-flying Layer-1 crypto, and why I’m patiently waiting for my dream setup to jump in. Warning: Trading is a high-stakes game, and you could lose your shirt! Always do your own research, manage risk, and never bet more than you can afford to lose.
BUT lets get into it !
Im locked in on the 2-hour chart, hunting for a textbook entry.
My setup hinges on SUI tapping a 2H order block—a demand zone where institutional buyers likely stacked their orders, typically between $3.60-$3.65 based on recent liquidity pools. This zone aligns with a key support level where SUI has bounced before. I’m also waiting for a break of structure (BOS) to the upside, where SUI takes out the most recent higher high (around $3.8 depending on the move) on the 2H chart.
This would confirm bullish momentum and signal the start of a new impulse wave.
Once I see the price tap the order block, show rejection (like a bullish pin bar or engulfing candle), and then break above 3.8 or whatever the Lower high may be, I’ll enter a long position. My target? The next resistance at $4.75 or even a retest of $5.35 if the bulls keep charging. Stop loss will be tight, just below the order block at $3.45, to keep risk low.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.