๐ $SUI /USDT Technical Analysis โ 4H Chart ๐
Current Price: $4.7421
24H High: $4.8224 | 24H Low: $4.5659
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๐ข Long Trade Setup (Bullish Scenario):
Entry Zone: $4.75 โ $4.80
Target 1: $4.90
Target 2: $5.00 (Psychological Resistance)
Stop Loss: $4.65
Reasoning:
The price is consolidating near $4.74 after a sharp upward move. A breakout above $4.80 with strong volume could signal continuation toward resistance levels at $4.90 and $5.00. Monitor for increasing volume to confirm bullish strength.
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๐ด Short Trade Setup (Bearish Scenario):
Entry Zone: $4.70 โ $4.65
Target 1: $4.50
Target 2: $4.35
Stop Loss: $4.80
Reasoning:
If SUI fails to break resistance and trades below $4.65, selling pressure could drive the price down to test support levels at $4.50 and further to $4.35. Watch for volume decline and rejection signals near $4.70.
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๐ Key Levels to Watch:
Immediate Resistance: $4.80 | $5.00
Support Levels: $4.65 | $4.50
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๐ฎ Market Prediction:
A bullish breakout ๐ above $4.80 could target $4.90 and $5.00, marking significant momentum.
A bearish breakdown ๐ below $4.65 may see SUI retrace to $4.50 or lower.
โ ๏ธ Trading Tip:
Monitor volume spikes and watch for breakout confirmations or failed rejections. Use stop-loss orders to limit risk in this high-volatility phase. ๐จ
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