š $SUI / USDT Technical Analysis ā Key
Moves Ahead! šÆš„
Current Price: $4.53 (+10.11%)
Timeframe: 30m Chart
Overview:
$SUI /USDT has shown a solid recovery after testing the $3.49 support. A breakout above the key psychological resistance of $4.50 has triggered bullish momentum, signaling further upside potential.
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Key Levels to Watch:
Long Entry: Buy above $4.60 with a target at $4.80.
Short Entry: Sell below $4.45 with a target at $4.20.
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Market Outlook:
1. Bullish Scenario:
If the price holds above $4.50 and breaks through $4.60, the next target could be $4.80. RSI and volume indicators suggest support for the bullish move.
2. Bearish Scenario:
If the price fails to maintain $4.50, we may see a pullback towards $4.20 as the next key support.
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š” Strategy Tip:
Consider securing partial profits at crucial resistance levels, and trail your stop-loss to maximize gains. With market volatility in play, there are opportunities for both short-term and long-term trades.
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