SUI Nearly Doubles in a Month

On Friday, Bitcoin approached the psychological milestone of $100,000, only to fall short of breaking through. This near-miss has left traders and investors questioning the reasons behind the pullback.

However, this pause in Bitcoin’s rally isn’t just a setback; it also presents new opportunities to explore other cryptocurrencies with promising technical setups. The cooling momentum in Bitcoin offers a chance to diversify portfolios and identify strategic entry points in the ever-dynamic crypto market.

4-hour time frame analysis

When a major asset like Bitcoin slows down near a key price level, it often indicates the accumulation of liquidity as market participants take profits.

This phenomenon is particularly relevant for Bitcoin, which has already surpassed its previous all-time high (ATH). At these uncharted price levels, the absence of prior buy-side liquidity requires the formation of new liquidity zones through such pauses.

Understanding this pattern is critical for traders. By recognizing the accumulation phase and identifying emerging liquidity zones, traders can adjust their strategies to capitalize on the subsequent price movements.

While Bitcoin’s pause is noteworthy, it also creates ripple effects across the broader crypto market, opening doors for other opportunities—particularly in Sui.

SUIUSD - 4 Hour Time Frame

As Bitcoin sets the tone for the market, Sui presents an attractive opportunity with its current technical setup. Sui’s price is nearing the $4.0 mark, supported by strong bullish market structures and a solid upward trend despite recent consolidation.

This favorable outlook suggests that Sui is well-positioned for potential gains, making it a compelling choice for traders seeking to align with prevailing market trends.

SUI price target

To maximize success, traders should establish clear entry criteria. For Sui, this involves focusing on liquidity levels and confirming market structure through a resistance break for buy positions or a support break for sell positions.

The ideal scenario here is a sell-side liquidity sweep, followed by a confirmed resistance break, which strengthens the case for a strong buying opportunity. With Bitcoin driving market sentiment, Sui’s technical outlook offers an excellent chance to capitalize on its bullish momentum while adhering to disciplined entry and risk management practices.

Trading at higher price levels inherently carries greater risk compared to entering at discount zones. To manage this risk effectively, place the Stop Loss just below the internal higher low to protect against sudden market downturns. Next, set the Take Profit target at the key psychological level of $4.0, aligning with Sui’s prevailing market structure.

This balanced approach helps mitigate potential losses while maximizing returns by leveraging the bullish momentum. While Bitcoin’s brief pullback below $100,000 may appear as a missed milestone, it offers valuable opportunities for traders willing to explore the broader market. Sui, with its strong technical foundation and alignment with prevailing trends, stands out as a promising candidate.

By focusing on disciplined entry points, strategic risk management, and clear profit targets, traders can position themselves to benefit from the current market dynamics.