$SUI
/USDT Technical Analysis & Trade Strategy🎯🚀
Current Price: $3.6870
24h High: $3.7494
24h Low: $3.1783
Bollinger Bands (20, 2):
Upper Band: $3.6311
Middle Band: $3.4161
Lower Band: $3.2012
SAR: $3.1976 (indicating a bullish trend)
Key Levels:
Resistance: $3.7494 (24h High), followed by the upper Bollinger Band at $3.6311.
Support: $3.4161 (Middle Bollinger Band), and $3.2012 (Lower Bollinger Band), then $3.1976 (SAR).
Trade Strategy:
Long Position (Bullish Strategy):
Entry Point: $3.6900 – $3.7100 (Just above current price to capture breakout momentum if the price clears resistance).
Stop-Loss: $3.4161 (Middle Bollinger Band) or a tighter stop around $3.45.
Take-Profit Targets:
Target 1: $3.75 – 24h High (Immediate resistance level).
Target 2: $3.85 – Potential resistance region near upper Bollinger Band.
Target 3: $4.00 – Key psychological level and next potential resistance.
Short Position (Bearish Strategy) (if price fails to break above resistance):
Entry Point: $3.60 (if price rejects near the upper Bollinger Band or 24h high).
Stop-Loss: $3.75 (a break above this level would invalidate the short setup).
Take-Profit Targets:
Target 1: $3.4161 – Middle Bollinger Band (support region).
Target 2: $3.20 – Lower Bollinger Band (further support).
Target 3: $3.15 – Below the lower Bollinger Band (potential for a deeper correction).
Trade Setup:
1. Bullish Scenario (Long Position):
Trigger: A breakout above $3.75 (24h high) confirms the bullish continuation. Enter long at $3.6900–$3.7100.
Risk: Place stop-loss around $3.45, targeting $4.00 in the medium term.
Trade Duration: Short to medium-term (1–3 days).
2. Bearish Scenario (Short Position):
Trigger: Rejection or failure to break above $3.75, potentially entering a short position near $3.60.
Risk: Stop-loss at $3.75, targeting $3.15 as the potential bottom.
Trade Duration: Short-term (1–2 days), depending on price rejection.