📈 SUI/USDT Trading Signal: Bullish Momentum with Key Resistance in Sight

📊 Current Market Data:

Current Price: $0.8362

24H Change: +5.00%

24H High: $0.8403

24H Low: $0.7800

🔍 Technical Indicators:

K: 62.1555

D: 58.4064

J: 69.6536

MA(5): 9,331,912.1

MA(10): 10,900,004.3

Support & Resistance:

Support Level: $0.7800

Resistance Level: $0.8403

📉 Market Direction: Bullish Trend with Resistance Break Potential

Analysis:

SUI/USDT has gained +5.00% in the past 24 hours, showing strong buying interest.

Stochastic indicators (K & D) are in the overbought zone, but the J line indicates potential for further upside.

Price is currently near the 24H high, which serves as resistance. If broken, a strong upward movement may occur.

📊 Strategy:

Long Entry: Consider entering a long position if the price breaks above the $0.8403 resistance.

Take Profit: Target the next resistance level around $0.8453 to lock in potential gains.

Stop Loss: Place a stop loss near the 24H low at $0.7800 to minimize risk.

⚠️ Risk Management:

Keep an eye on the resistance zone ($0.8403). Failure to break above may lead to a short-term pullback.

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