SLOW BUT SURE!!! 🤝🤝🤝🚀🚀🚀🚀

Based on the SUI/USDT 4-hour chart, here’s a short-term outlook for the next 12 hours, along with entry, exit, and stop-loss suggestions:
Analysis
1. Moving Averages (MA):
The MA(7) and MA(25) are showing an upward trend, indicating recent bullish momentum. However, the price is near resistance levels, suggesting possible consolidation or a minor pullback.
The MA(99) remains lower, which could mean the long-term trend is not yet strongly bullish, so any entry should consider caution.
2. RSI (Relative Strength Index):
The RSI is currently around 60.27, indicating mild bullishness but not yet overbought. This suggests that there’s still room for upward movement, though it’s close to the 70 mark where the price may face selling pressure.
3. MACD (Moving Average Convergence Divergence):
The MACD line is close to the signal line, with slight downward movement, which could indicate weakening buying momentum. This aligns with the possible consolidation phase or minor correction.
Suggested Strategy
Entry Point (Buy): If the price sustains above the current level of around 3.22 and continues to show bullish candlesticks, consider a buy entry near 3.25 as a breakout confirmation.
Sell Entry: If the price struggles to hold above 3.22 and shows bearish candles, a sell entry could be made around 3.15 to take advantage of a potential pullback.
Stop-Loss and Target
For Buy Entry:
Stop-Loss: Set around 3.05 to protect against a reversal.
Target: Consider taking profits around 3.35 - 3.40.
For Sell Entry:
Stop-Loss: Set around 3.27 in case the price reverses and continues upward.
Target: Aim for 3.05 or slightly below if the price drops further.
Conclusion
Given the mild bullish trend and approaching resistance, it's essential to keep close watch for consolidation or reversal signs. Short-term trades with cautious stops and realistic targets are advised due to the mixed indicators.