Analysis for $SUI /USDT

1. Current Price: $4.2592

• 4H Chart: The price is recovering from a recent pullback, and it’s bouncing off the lower Bollinger Band, indicating potential for further upward movement.

• Daily Chart: The price is consolidating after a strong move but remains above the mid-Bollinger Band, which suggests bullish continuation.

2. Indicators:

• RSI (4H): ~56, indicating neutral-to-bullish momentum. There’s room for further upward movement.

• MACD (4H): Recently crossed bullish, with a positive histogram, confirming buying interest.

• Volume: Increasing, signaling market participation and potential momentum continuation.

Trade Setup

Buy Entry:

• Aggressive: Enter between $4.25–$4.27.

• Conservative: Enter on a pullback near $4.15–$4.20 (mid-Bollinger Band).

Stop-Loss:

• Set below recent support at $4.10 to manage downside risk.

Take-Profit Targets:

1. T1: $4.50 (+6% gain)

2. T2: $4.75 (+12% gain)

3. Extended Target: $5.00 (+17% gain, if momentum sustains)

Position Sizing:

• Allocate $1,500–$2,000 to this trade, depending on your risk tolerance.

Risk-Reward Management

• Risk: ~3.5% (Stop-loss at $4.10).

• Reward:

• T1: ~6% (1.7:1 R/R).

• T2: ~12% (3.4:1 R/R).

• T3: ~17% (5:1 R/R).