SUI/USDT
- Buy signal: Currently, the RSI (Relative Strength Index) on the 15-minute chart shows oversold conditions at around 20.06, indicating a potential opportunity for a rebound. This could be an early buy signal for those looking for a short-term gain. However, caution is advised as it may continue to be volatile.
- Sell signal: If you entered a long position previously, consider taking profit at the resistance levels. The 1-hour chart shows that the price is correcting after peaking at around 2.2963, which could be a good point to secure profits.
- Resistance levels:
- Immediate resistance is at 2.2200 (15-min chart).
- Next resistance is at 2.2605 (1-hour chart peak).
- Support levels:
- Immediate support is at 2.1534 (recent low on the 15-minute chart).
- The next support is around 2.0021 (from the 1-hour chart).
- Stop loss: Place a stop loss slightly below the 2.1534 support level to manage risk.
- Take profit targets:
- For short-term gains, aim for 2.2200.
- For a higher target, 2.2605 could be considered if the price rebounds strongly.
Overall, the 15-minute chart indicates a possible buy opportunity due to oversold conditions, but the trend across higher time frames (1-hour, 4-hour) suggests caution, as the price is in a correction phase after a strong rally. Make sure to monitor for any further signs of reversal before making a decision.
