$SUI

/USDT Trade Signals with Momentum Trading 🚀🎯

Technical Analysis Summary:

Current price is 3.05, down 0.79% in the past day.

The 24-hour price range is between 2.8235 (low) and 3.3317 (high).

Indicators:

Bollinger Bands show the price is near the upper band at 3.0535, suggesting potential overbought conditions. A strong close above this band could indicate a bullish continuation.

The Parabolic SAR level is at 2.9669, below the current price, indicating short-term support. If the price remains above this level, it suggests a possible bullish trend.

Trade Signals:

1. Buy signal: Consider entering a long position if the price holds above the SAR level (2.9669) with clear upward movement, or if it breaks above 3.05 with solid momentum. Pullbacks to the 2.95 to 2.98 range could offer a safer entry.

2. Sell signal: Consider a short position if the price closes below 2.96 (SAR level) or if it reaches resistance at 3.33 and shows signs of a reversal with downward momentum.

Target Levels:

1. Target 1: 3.15 - A break above 3.05 may lead to testing this initial resistance.

2. Target 2: 3.25 - With continued momentum, expect the next test here. This level aligns with previous resistance and could be a key point for taking profit.

3. Target 3: 3.33 - Sustained bullish momentum may reach this recent high. A breakout and retest here would be needed for further gains.

Trade Momentum:

Bullish momentum is confirmed if the price maintains above SAR (2.9669) and the upper Bollinger Band (3.0535), supported by strong volume.

Bearish momentum is activated on a close below SAR (2.9669) with a decrease in volume or strong downward candles, targeting support around the lower Bollinger Band (2.8778).

This setup leans toward a cautious bullish trend but requires close monitoring due to recent volatility. Adjust stop-loss levels to manage risk based on entry point.

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