Technical Analysis for SUI/USDT
Current Price: 4.2573 USDT
Trend: Bullish (upward movement with a +19.22% increase in the last 24 hours)
Support: 4.0838 USDT
Resistance: 4.2920 USDT
SAR (Stop and Reverse): 4.0838 USDT (suggesting potential support level)
Trade Signal:
Signal: Buy (Bullish momentum)
Trade Momentum: Strong upward momentum indicated by the 19.22% increase and the current price above key support levels.
Target Levels:
1. Target 1: 4.32 USDT (near resistance level)
2. Target 2: 4.50 USDT (next significant resistance zone)
3. Target 3: 4.75 USDT (potential for higher gains in a continued uptrend)
Recommendation:
Entry Point: Buy near 4.26 USDT with a stop loss around 4.08 USDT.
Risk/Reward: High reward potential with strong bullish momentum, but be mindful of short-term price fluctuations.
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