$SUI Analysis and Trade Signal on Binance

📊 Current Price: $4.0796

🔍 Market Overview: SUI is consolidating after facing rejection near $4.76. The price is now testing crucial support levels, presenting potential for either a rebound or further declines.

Key Levels to Watch:

Resistance: $4.60 - $4.76

Support: $4.20 - $4.30

Analysis:

The chart shows SUI testing support around $4.30. If this level holds, a move toward $4.60 is likely. However, a break below $4.20 could lead to further drops towards $4.00 or even lower.

Trade Signal:

Scenario 1: Long Position

Entry Zone: $4.30 - $4.37

Target Prices:

TP1: $4.60

TP2: $4.75

Stop Loss: $4.20

Scenario 2: Short Position

Entry Zone: Below $4.20

Target Prices:

TP1: $4.00

TP2: $3.80

Stop Loss: $4.35

🔑 Strategy:

Watch the price action around the $4.30 level for signs of either a reversal or breakdown. Adjust the stop loss to breakeven after hitting the first target to reduce risk.

⚠️ Risk Management:

Due to high volatility, ensure proper position sizing.

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