SUI/USDT Short-term Trading Strategy Analysis and Recommendations
Current Price: 3.4089 USDT
Period: 24 hours
Trading Strategy
Low Buy Strategy (Long Position)
Entry Price: 3.35-3.40 USDT
Take Profit Price: 3.50-3.55 USDT
Stop Loss Price: 3.30 USDT
Position Size: 10%
Trade Type: Spot or Contract
Leverage: 3x
High Sell Strategy (Short Position)
Entry Price: 3.50-3.55 USDT
Take Profit Price: 3.40-3.35 USDT
Stop Loss Price: 3.60 USDT
Position Size: 10%
Trade Type: Contract
Leverage: 3x
Technical Indicator Analysis
1. EMA Indicator:
EMA(7): 3.4417 USDT
EMA(25): 3.4417 USDT
EMA(99): 3.3602 USDT
Current price is below EMA(7) but close to EMA(99) support level, the trend is weak but the support strength is strong.
2. MACD Indicator:
DIF: 0.0024
DEA: 0.0063
MACD: -0.0040
MACD green bars continue to shorten, indicating a decrease in bearish strength, and a short-term possibility of entering consolidation or rebound.
3. RSI Indicator:
RSI(6): 42.92
RSI indicator is close to the oversold zone but still below the neutral area, indicating a weak market sentiment in the short term.
4. Trading Volume:
Overall trading volume remains low, with a strong market wait-and-see sentiment, requiring greater volume to drive a breakout.
Strategy Logic
Low Buy Strategy:
Current price is close to EMA(99) support, with strong support likely in the 3.35-3.40 USDT range, suitable for buying on dips.
High Sell Strategy:
Price rebounding to the 3.50-3.55 USDT range may encounter short-term pressure, suitable for setting up short positions, targeting the pullback support area.
Risk Control:
Overall market trend is weak, but bearish strength is decreasing. It is recommended to operate with a light position, strictly enforcing stop-loss to cope with price fluctuations. $SUI