🧠 Market Cycle Overview:
HWC (High Wave Cycle – Higher timeframe): Bullish 🔼
MWC (Medium Wave Cycle – Medium timeframe): Bearish 🔽
LWC (Low Wave Cycle – Lower timeframe): Bullish 🔼
When the higher and lower timeframe cycles are bullish but the mid-term is bearish, it usually means the market is in a resting phase. This kind of setup can often give us a golden long opportunity! 🎯
📊 Price Action & Volume:
For the past 12 days, SUI has been ranging with decreasing volume. This drop in volume is often a sign that a big move is near. Just be careful — in this phase, the market might make small fakeouts to hit stop-losses.
🔻 Short Setup:
Right now, I’m not opening any short positions until I see the next clear leg.
I wouldn’t recommend shorting either, since it’s going against the main cycles.
But as always, stick to your own plan — this is just my view, not a signal. 👀
🔺 Long Setup:
The $3.7815 level was the last point where price reacted and dropped.
If we get a strong breakout above that, it’s a valid long entry. 🚀
✳️ Since we’re analyzing on the daily timeframe, the confirmation candle for any breakout should close on at least the 1H (1-hour) or preferably the 4H (4-hour) timeframe to be considered reliable.
🎯 Summary:
The market is in a correction, but the primary direction is still bullish.
Long setups are more favorable — just wait for breakout confirmation and manage your entry with patience.
"⚠️ Without proper risk management, you're just a ticking time bomb!"
— PXA 📊
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La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.