Based on the data retrieved for SUI/USDT, here is a detailed 12-hour timeframe futures analysis:
🔷 SUI/USDT Futures
🟩 CLEAR POSITION: LONG (Confidence: 70%)
♻️ Recommended Leverage: 4x–8x
👉 Entry Zone: $4.20 to $4.35
🎯 Targets:
• T1: $4.55 (+7%)
• T2: $4.85 (+14%)
• T3: $5.10 (+20%)
• T4: $5.40 (+28%)
⛔ Stop Loss: $4.00
IF STOP LOSS TRIGGERS:
• New Entry: $3.85
• New Targets:
• T1: $4.10 (+6%)
• T2: $4.35 (+13%)
• T3: $4.60 (+20%)
• T4: $4.90 (+27%)
• New Stop Loss: $3.70
Key Technical Indicators
1. RSI: At approximately 60, showing bullish momentum with room before reaching overbought conditions.
2. MACD: Bullish crossover in progress, indicating an upward trend continuation.
3. Volume: Increasing buy volume supports the current uptrend.
4. Ascending Channel: Price is respecting the lower trendline, with targets aligned to the upper channel boundary.
Market Analysis
• SUI/USDT has experienced a pullback from recent highs but maintains a bullish structure, trading within an ascending channel on the 12-hour chart.
• Resistance levels: The primary resistance is at $4.55, with secondary resistance at $5.10.
• Support levels: Immediate support lies at $4.20, with a critical level at $4.00. A break below this would signal weakness.
• MACD histogram signals increasing momentum, while the Bollinger Bands suggest the price is pushing toward the upper band, indicating potential for higher targets.
Risk-Management Strategy
• Use a strict stop loss at $4.00 to manage downside risk.
• Watch for a confirmed breakout above $4.55 for confidence in higher targets.
• Adjust position size and leverage based on volatility.
