$SUI

/USDT Technical Analysis & Trade Signal🚀🎯

Overview:

Current Price: 3.2089 USDT

Trend: Recently bearish (-5.76%), but testing support levels with potential for recovery.

Key Indicators:

1. Bollinger Bands:

Current price is slightly above the middle band (3.1288), with the lower band (3.0109) acting as the nearest support.

The upper band (3.2468) is a resistance level to monitor.

2. SAR:

SAR at 2.9948 indicates that the trend is technically bullish unless the price drops below this level.

3. Volume:

High 24h trading volume (359.27M USDT), reflecting strong market activity, possibly indicating a reversal or continuation of volatility.

Trade Signal:

Momentum: Neutral to bullish short-term. A breakout above the Bollinger middle band suggests momentum could shift higher.

Entry Point: Consider entering around 3.2000 if bullish confirmation occurs (price consistently closes above 3.1288).

🎯 Target Levels:

1. Target 1: 3.2468

Closest resistance at the Bollinger upper band. If price closes above, it suggests further upward momentum.

2. Target 2: 3.4000

A psychological level just below the 24h high, ideal for taking partial profits.

3. Target 3: 3.5000

Extended target for aggressive traders, aligning with potential recovery from recent bearish moves.

Stop Loss:

Place a stop-loss below 3.0109 (Bollinger lower band), as a breach could lead to further downside, potentially testing SAR support at 2.9948.

Trade Momentum:

Bullish Momentum: Triggered if price breaks above 3.2468 with sustained volume.

Bearish Risk: If price falls below 3.0109, momentum could shift sharply bearish, targeting 2.9000.

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