Binance Technical Analysis: $SUI /USDT
Current Price: $4.3479 (-1.12%)
Timeframe: 30m chart
Analysis Overview:
$SUI /USDT is consolidating after a recent pullback, showing a potential for recovery or further downside. Traders should monitor the critical support and resistance levels to identify actionable trading opportunities.
Targets
1. Immediate Resistance (Target 1): $4.4000
A near-term resistance level tested during the recent uptrend.
A breakout above this level could trigger a short-term bullish move.
2. Mid-Term Resistance (Target 2): $4.5000
A significant resistance level close to the 24h high.
Sustained momentum above this indicates strong buyer interest.
3. Extended Bullish Target (Target 3): $4.6000
A psychological resistance and key level for long-term bullish confirmation.
Achieving this target would indicate bullish dominance.
Risk Management
Support Level: $4.3000
A key support zone to watch for potential price rebounds.
Falling below this could indicate bearish continuation.
Stop-Loss Suggestion: $4.2500 to minimize downside risk.
Trading Insights:
Short-Term Opportunity: Watch for a breakout above $4.4000 to target $4.5000.
Long-Term Opportunity: Sustained trading above $4.5000 opens the path toward $4.6000.
Advice: Secure partial profits at $4.4000 and adjust stop-loss to $4.3500 to lock in gains and mitigate risks.
