SUI/USDT Price Chart #Suiusdt #SUIđŸ”„

1. **SUI/USDT Price Chart**:

- The price is currently **2.2326**, with a **10.75% increase**.

- The recent price trend shows a sharp rise followed by a slight dip, indicating possible volatility.

2. **MACD (Moving Average Convergence Divergence)**:

- **DIF (Difference Line)**: -0.0017

- **DEA (Signal Line)**: -0.0001

- **MACD Histogram**: -0.0016 (below zero)

- The MACD is negative, indicating that the bearish momentum has recently increased. However, the slight values suggest the possibility of a short-term pullback before a stronger trend emerges.

3. **Volume**:

- The **Volume** shows a recent spike, especially in the last few minutes, which can indicate increased buying or selling activity. Pay attention to whether this spike sustains.

4. **Moving Averages**:

- **MA(5)** (yellow): 50,644.9

- **MA(10)** (purple): 61,825.8

- The 5-period MA is crossing below the 10-period MA, which can be interpreted as a short-term bearish signal.

### Entry and Exit Strategy:

#### **Long Position (Buy) Strategy**:

- **Entry**: If the price finds support at **2.22** (current price area) and begins an upward trend, consider entering a long position.

- **Take Profit (TP)**: Aim for **2.24 - 2.26** short term or **2.30** as a higher resistance level.

- **Stop Loss (SL)**: Set below **2.20** to minimize downside risk.

- **Plan B**: If price dips further below **2.20**, watch for a new support level near **2.18** or **2.16** for another potential long entry.

#### **Short Position (Sell) Strategy**:

- **Entry**: If the price continues to show weakness below **2.22** or breaks support at **2.20**, enter a short position.

- **Take Profit (TP)**: Target a lower range around **2.18 - 2.15** as potential exit points.

- **Stop Loss (SL)**: Place above **2.24** to manage risk.

- **Plan C**: If the price consolidates or shows no significant move, consider tightening the SL and TP to reflect smaller price ranges (e.g., TP: 2.21, SL: 2.23).

#### **Trade Duration**:

- Given the intraday nature of the chart, **1-2 hours** may be a reasonable time frame for a short-term trade.

- Adjust positions depending on volume and price action shifts.

#### **Plan D (If the market turns against you)**:

- If your SL is hit and the price moves contrary to your expectations, avoid immediately re-entering. Wait for clearer confirmation signals, either from MACD divergence, moving average crosses, or stronger volume spikes.

This plan provides flexibility in both directions (long or short) based on the chart's behavior.