Based on the 15-minute chart that you shared (from the first image), it appears that the price action for SUI/USDT has recently experienced a sharp rise, followed by some consolidation and minor retracement from the 1.897 mark.
Looking at the chart, the MACD (Moving Average Convergence Divergence) seems to be positive with some bullish momentum, and RSI (Relative Strength Index) is in the 70+ range, indicating overbought conditions, meaning there could be a pullback before another upward move.
In terms of entry point:
- A good buying opportunity might emerge after a minor pullback, potentially around the 1.85 to 1.87 range, depending on how the price reacts in the next few candles. Look for support around those levels if the consolidation continues.
- If you see the price maintaining its current level without further breakdown and the MACD continues its upward trend, that would be a confirmation for a good buy.
Watch for increasing volume and further price strength as a confirmation of an entry. Always manage your risk with stop losses below key support levels.
