๐Ÿ“Š #SUI๐Ÿ”ฅ Technical Analysis

๐Ÿ” Technical Overview:

Current Price: 5.2859

Trend: Uptrend, confirmed by the crossover of MA (7) and MA (25) upwards, along with increasing volume.

Support Levels:

4.98 (MA 7)

4.48 (MA 25)

Resistance Levels:

5.30 (local high)

5.46 (historical high)

๐Ÿ’ก Recommendations:

๐Ÿ”ต Entry Points:

First Entry: After breaking resistance at 5.30 and consolidating above this level. This confirms the strength of the uptrend.

Second Entry: On a retest of the 4.98 level (MA 7) โ€” a good opportunity to join the trend continuation.

Third Entry: In case of correction to 4.48 (MA 25) โ€” a safe entry for a long-term position.

๐ŸŸข Take-Profit Points:

First Take-Profit: At 5.46 โ€” local high and strong resistance.

Second Take-Profit: Around 5.60-5.65, if the trend continues.

Third Take-Profit: On a sharp rise, take profit on 50% of the position at 6.00.

โš ๏ธ Risks:

If the price breaks below 4.48, a trend reversal is possible. In this case, consider cutting losses.

Pay attention to volume โ€” an uptrend with low volume may signal a false breakout.

๐Ÿ“ˆ Stay informed and trade wisely!

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