$SUI /USDT Market Analysis: Key Levels and Next Move 🔥💯

The $SUI/USDT 30-minute chart shows price consolidating within a well-defined range, with resistance at $4.30-$4.37 and support at $4.10-$4.15. This setup indicates a sideways market, presenting potential breakout and trade opportunities.

Key Insights:

1. Short Trade Setup:

If the price faces rejection at the $4.30 resistance zone, consider short positions.

Target: $4.15

Stop-loss: Above $4.37

2. Long Trade Setup:

A bounce off the $4.10-$4.15 support zone offers an entry for long trades.

Target: $4.30-$4.37

Stop-loss: Below $4.05

Next Market Move:

The consolidation suggests an impending breakout.

Bullish Scenario:

A breach of the $4.37 resistance, supported by rising volume, could trigger a rally toward $4.50 or higher.

Bearish Scenario:

A breakdown below the $4.10 support could push the price to test the $4.00 level.

Pro Tip:

Patience is crucial in range-bound markets. Watch for volume surges and clear candlestick confirmations before entering a trade.

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