$SUI /USDT Technical Analysis - Binance
š Current Price: $4.3902 (-4.23%)
ā° Timeframe: 30m
Analysis & Targets
$SUI /USDT is experiencing downward pressure, testing critical support levels. Here are the key targets for short-term traders:
1ļøā£ Target 1: $4.4500
Immediate resistance level. A bounce above this zone could indicate a short-term recovery.
2ļøā£ Target 2: $4.5000
A critical resistance point where selling pressure is expected. Breaking this level signals bullish momentum.
3ļøā£ Target 3: $4.6200
Major resistance near the 24-hour high. A move above this could lead to extended gains.
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Strategy
š Bullish Case: Watch for a recovery above $4.4000. Gradually take profits at each target as resistance levels are tested.
š Bearish Case: If SUI breaks below $4.3700, the next support level to watch is $4.3000.
ā ļø Risk Management:
Place a stop-loss below $4.3500 to manage downside risks.
Adjust position sizes based on market volatility.
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