đ SUI/USDT Trading Signal: Bullish Momentum with Key Resistance in Sight
đ Current Market Data:
Current Price: $0.8362
24H Change: +5.00%
24H High: $0.8403
24H Low: $0.7800
đ Technical Indicators:
K: 62.1555
D: 58.4064
J: 69.6536
MA(5): 9,331,912.1
MA(10): 10,900,004.3
Support & Resistance:
Support Level: $0.7800
Resistance Level: $0.8403
đ Market Direction: Bullish Trend with Resistance Break Potential
Analysis:
SUI/USDT has gained +5.00% in the past 24 hours, showing strong buying interest.
Stochastic indicators (K & D) are in the overbought zone, but the J line indicates potential for further upside.
Price is currently near the 24H high, which serves as resistance. If broken, a strong upward movement may occur.
đ Strategy:
Long Entry: Consider entering a long position if the price breaks above the $0.8403 resistance.
Take Profit: Target the next resistance level around $0.8453 to lock in potential gains.
Stop Loss: Place a stop loss near the 24H low at $0.7800 to minimize risk.
â ïž Risk Management:
Keep an eye on the resistance zone ($0.8403). Failure to break above may lead to a short-term pullback.
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