AAccording to technical analysis;
Here's SUI's next 6-hour prediction:
Technical Analysis Summary:
- Price: $2.00
- Trend: Uptrend
- RSI (14): 68.42 (Bullish)
- MACD (12, 26): Bullish crossover
- 50-day MA: $1.55 (Support)
- 200-day MA: $0.85 (Long-term support)
Indicator Signals:
- Moving Averages: Bullish alignment
- Bollinger Bands: Expanding (increased volatility)
- Stochastic Oscillator: 84.21 (Overbought)
Whale Activity:
- Increased buying (last hour)
- Moderate selling
Candlestick Patterns:
- Bullish Engulfing Pattern (formed)
- Hammer Pattern
Support & Resistance:
- Support: $1.90, $1.80
- Resistance: $2.10, $2.20
Next 6-Hour Prediction:
- Uptrend: 75%
- Downtrend: 25%
Price Targets:
- $2.10-$2.20 (next resistance)
- $2.50-$2.80 (possible breakout)
Short Position Setup (caution):
1. Entry: $2.10-$2.15
2. Stop-loss: $2.25
3. Take-profit: $1.90-$1.80
4. Risk-Reward Ratio: 1:2
Key Points:
- Monitor whale activity and volume.
- Adjust stop-loss if price reaches $2.20.
- Overbought conditions may lead to correction.
Cautionary Notes:
1. Overbought RSI.
2. Increased volatility.
3. Whale activity changes.
Risk Management:
1. Set stop-loss orders.
2. Monitor position size.
3. Adjust leverage.
4. Check now....$SUI
5. Follow for more technical Updates, Future &spot signals..... for free...
