$SUI
/USDT Technical Analysis and Trade Signal 🚀🎯
Current Price: $3.35 (+3.50%)
Trend Analysis:
Bollinger Bands:
Price is near the Middle Band (MB: $3.3384), indicating a consolidation phase. A breakout is possible in either direction depending on volume and market sentiment.
SAR:
The SAR is at $3.0168, suggesting strong support below the current price. If the price holds above this level, the trend may remain bullish.
Trade Signal
Momentum:
Moderate Bullish in the short term, supported by consolidation near the middle Bollinger Band and a recovery from the recent low of $2.9722.
Key Resistance Levels: $3.45 and $3.56 (Upper Bollinger Band).
Support Levels: $3.11 (Lower Bollinger Band) and $3.0168 (SAR).
Trade Setup:
Entry Point:
Long Entry: On a breakout above $3.45 with strong volume confirmation.
Short Entry: If the price breaks below $3.11 with bearish momentum.
🎯 Target Levels for Long Position:
1. Target 1: $3.56 (Upper Bollinger Band; close to recent high)
2. Target 2: $3.72 (Key resistance from previous highs)
3. Target 3: $4.00 (Psychological level and strong resistance zone)
🎯 Target Levels for Short Position:
1. Target 1: $3.11 (Lower Bollinger Band)
2. Target 2: $2.97 (Recent 24h low)
3. Target 3: $2.80 (Potential next support zone if selling intensifies)
Momentum Signals:
Bullish Trigger:
Break above $3.45 with increasing volume and SAR flipping above the price.
Bearish Trigger:
Break below $3.11 with strong bearish candles and Bollinger Band expansion.
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