$SUI Based on the chart SUI/USDT, here is the technical analysis for the next 12 hours:
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1. General Trend
MA (Moving Averages): The price is currently above MA 99 but is moving sideways near MA 7 and MA 25, indicating a neutral trend with potential consolidation.
Volume: Trading volume is decreasing, signaling a lack of strong momentum from either buyers or sellers.
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2. Technical Indicators
RSI (Relative Strength Index): RSI is around 50, showing neutral conditions without strong upward or downward momentum.
MACD: The MACD histogram is negative and close to the zero line. The MACD line is near the signal line, indicating weak momentum.
Stochastic RSI: It is in the oversold zone (below 20), suggesting a potential reversal to the upside.
OBV (On-Balance Volume): OBV is stable, indicating no significant accumulation or distribution.
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3. Entry and Stop Loss Recommendations
Buy Entry
Entry Price: Consider buying in the support area of 3.640-3.650 USDT if the price shows a strong rebound.
Confirmation: Wait for a bullish signal, such as a green candlestick or confirmation from the Stochastic RSI moving up from the oversold zone.
Stop Loss
Place the stop loss below the nearest support level, around 3.620 USDT.
Take Profit
Target 1 (Conservative): 3.690 USDT (nearest resistance).
Target 2 (Aggressive): 3.720 USDT (previous high).
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4. Important Notes
If the price breaks below the 3.640 USDT support without showing a rebound, avoid entering, as the price could drop further to the 3.600 USDT level.
Use a trailing stop to secure profits if the price moves as predicted.