$SUI SUI/USDT Trading Signal - Is a Recovery on the Horizon?

Current Price: $5.1141

EMA Trends:

EMA(7): $5.1096

EMA(25): $5.1276

EMA(99): $5.0135

Observation:

SUI/USDT is attempting to recover after testing the $4.9779 support level. The price is hovering around EMA(7) and EMA(25), indicating consolidation with a potential bullish breakout. Volume activity remains strong, with 24-hour volume at 45.47M for SUI and 234.65M for USDT.

Potential Strategy:

Entry Range: $5.1000 - $5.1500

Targets:

Target 1: $5.2000 (Short-term Resistance)

Target 2: $5.3500 (24h High Retest)

Stop Loss: $4.9800

Key Insights:

A breakout above EMA(25) could push SUI toward $5.2000 and beyond. However, failure to hold $5.1000 could lead to a retest of $4.9779. Manage risk by securing partial profits at Target 1 and tightening stop-loss levels after achieving it.

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