šŸšØ $SUI /USDT at $4.66: Is a Breakout Above Resistance Imminent? šŸšØ

SUI is trading at $4.6698, with an 8.68% gain in the last 24 hours. After rebounding strongly from $4.1089, the coin is testing critical levels, signaling potential for further upside.

Targets for the Upside:

1. $4.7580 ā€“ Immediate resistance; a breakout here could trigger rapid gains.

2. $4.9000 ā€“ Mid-term target and psychological level.

3. $5.0000 ā€“ Key resistance and potential extended rally point.

Support Levels to Watch:

$4.5000 ā€“ Strong support to sustain bullish sentiment.

$4.1000 ā€“ Critical support; a breakdown here may lead to further downside.

Trade Setup:

Long Entry: Above $4.7580 for targets at $4.9000 and $5.0000.

Short Entry: Below $4.5000 targeting $4.1000.

Stop-loss: Set below $4.1000 to manage risk.

āš ļø Market Insight: SUI's price action shows bullish momentum backed by increasing volume. Monitor key levels for a breakout confirmation or pullback to support for optimal trading opportunities.

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$SUI