SUI/USDT Technical Analysis: Buying, Selling, and Stop Loss Targets šÆ
Current Price: 4.0527
Key Trading Levels:
Buy Target 1: 4.1000
Buy Target 2: 4.2000
Buy Target 3: 4.4000
Stop Loss: 3.9000
Support & Resistance Zones:
Resistance Levels: 4.2000, 4.4000, 4.6000
Support Levels: 3.9000, 4.0000, 4.0527
Technical Indicators:
Average Price: 4.0527
RSI: Neutral, no significant overbought/oversold conditions yet
MACD: Bullish crossover, indicating potential for upward momentum
Market Sentiment:
Volume Analysis: Moderate buying pressure observed at 4.0527
Price Action: Price is currently holding above the key support of 4.0000, indicating potential for further upside.
Trade Setup & Strategy:
Bullish Scenario: If price breaks above 4.2000, consider buying with targets at 4.4000 and 4.6000.
Bearish Scenario: If price falls below 3.9000, consider shorting with a target of 3.8000 and stop loss at 4.2000.
Pro Tip: Monitor price action closely around the 4.2000 level. A break above this resistance could trigger further bullish movement towards 4.4000 and 4.6000. Always manage risk wisely by setting stop losses.