$SUI /USDT Trading Signal (1-Hour Chart)
Overview:
The SUI/USDT pair has shown signs of mild upward momentum after bouncing off a recent low of $3.4115. Price action is currently consolidating near $3.5064, which aligns with a potential resistance area. With a Relative Strength Index (RSI) of 65.85, the market is leaning toward bullish momentum but remains below overbought territory.
Key Levels:
Current Price: $3.5064
Support: $3.4115
Resistance: $3.5287
Trade Setup:
Entry: $3.50 (after a confirmed breakout above $3.52)
Stop Loss: $3.40 (below the key support level)
Take-Profit Targets:
1. $3.55
2. $3.60
3. $3.65
Cautionary Note:
Wait for confirmation of stability or a breakout above $3.52 before entering a trade. Keep an eye on volume and RSI levels, as potential rejection at resistance could lead to a pullback.
