$SUI Analysis and Trade Signal on Binance

📊 Current Price: $4.3746

🔍 Market Overview: SUI is experiencing consolidation after a recent rejection near $4.76. The price is testing key support levels with potential for a bounce or further downside.

Key Levels to Watch:

Resistance: $4.60 - $4.76

Support: $4.20 - $4.30

Analysis:

The chart shows SUI testing support near $4.30. If this level holds, a recovery toward $4.60 is possible.

A break below $4.20 could lead to further declines toward $4.00 or lower.

Trade Signal:

Scenario 1: Long Position

Entry Zone: $4.30 - $4.37

Target Prices:

TP1: $4.60

TP2: $4.75

Stop Loss: $4.20

Scenario 2: Short Position

Entry Zone: Below $4.20

Target Prices:

TP1: $4.00

TP2: $3.80

Stop Loss: $4.35

🔑 Strategy:

Monitor price action at the $4.30 level for signs of reversal or breakdown.

Adjust your stop loss to breakeven after the first target is hit to minimize risk.

⚠️ Risk Management: Volatility remains high; use appropriate position sizing.

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