$SUI ONGOING!!!! 🚀🚀🚀🚀

$SUI Here is the technical analysis based on the SUI/USDT chart :
SUI/USDT Chart Analysis (4 Hours)
1. Current Price: 3.7461 USDT, down 3.52%.
2. EMA (Exponential Moving Averages):
EMA(7): 3.7585
EMA(25): 3.6309
EMA(99): 2.9913
The price is slightly below EMA(7), indicating potential short-term weakness.
3. RSI (Relative Strength Index):
RSI(6): 49.83, near neutral (not indicating overbought/oversold conditions).
4. MACD:
The MACD histogram is in the negative zone with slight bearish divergence, indicating weakening momentum.
5. Volume:
Trading volume appears to be decreasing, showing a lack of significant buying pressure.
12-Hour Movement Prediction
Bullish Scenario: If the price manages to stay above EMA(25) (around 3.6309), there is potential for a rebound toward resistance at 3.800 - 3.850 USDT.
Bearish Scenario: If the price breaks below EMA(25), it may decline further to the strong support area at 3.600 - 3.550 USDT.
Entry and Stop Loss Recommendations
1. Buy Entry:
Entry level: 3.7600 - 3.7700 USDT (after confirming a bullish candle above EMA(7)).
Target profit: 3.850 - 3.900 USDT.
Stop loss: 3.700 USDT.
2. Sell Entry:
Entry level: 3.7200 - 3.7300 USDT (if the price fails to break EMA(7) and starts falling below EMA(25)).
Target profit: 3.600 - 3.550 USDT.
Stop loss: 3.800 USDT.
Important Notes
The current trend appears to be in a consolidation phase. Ensure confirmation of price movement before opening a position.
Use good risk management practices, and do not risk more than 1-2% of your capital per trade.
Market movements can be affected by sudden news or sentiment shifts, so always stay updated.