Let's see technical analysis and long trade set up;
Here's SUI's next 6-hour prediction:
Technical Analysis Summary:
- Price: $1.88
- Trend: Uptrend
- RSI (14): 64.11 (Bullish)
- MACD (12, 26): Bullish crossover
- 50-day MA: $1.74 (Support)
- 200-day MA: $1.34 (Long-term support)
Indicator Signals:
- Moving Averages: Bullish alignment
- Bollinger Bands: Expanding (increased volatility)
- Stochastic Oscillator: 84.15 (Overbought)
Whale Activity:
- Moderate buying (last 2 hours)
- Increased buying volume
Candlestick Patterns:
- Bullish Engulfing Pattern (formed)
- Hammer Pattern
Support & Resistance:
- Support: $1.80, $1.74
- Resistance: $2.05, $2.20
Market Sentiment:
- Bullish
Next 6-Hour Prediction:
- Uptrend: 65%
- Downtrend: 35%
Long Trade Setup:
1. Entry: $1.79-$1.80
2. Stop-loss: $1.65-$1.70
3. Take-profit: $2.20-$2.50
4. Risk-Reward Ratio: 1:2.5
Key Points:
- Monitor whale activity and volume.
- Adjust stop-loss if price reaches $2.05.
- Overbought conditions may lead to correction.
Cautionary Notes:
1. Overbought RSI.
2. Increased volatility.
3. Whale activity changes.
Risk Management:
1. Set stop-loss orders.
2. Monitor position size.
3. Adjust leverage.
4. Check now 👉...$SUI
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