$SUI $SUI The $SUI /USDT pair has been consolidating in a range for the past few days. The price is currently trading near the middle of the range, suggesting a potential breakout in either direction.

Support and Resistance

Support: The immediate support level for SUI is around $2.20. A break below this level could lead to further downside, potentially towards the next support at $1.95.

Resistance: The immediate resistance level for SUI is around $2.40. A break above this level could lead to further upside, potentially towards the next resistance at $2.55.

Entry Signal

Based on the current chart pattern, a bullish entry signal can be considered if the following conditions are met:

Breakout above resistance: The price breaks above the $2.40 resistance level with strong volume.

Confirmation: The price retraces back to the $2.40 level and holds as support.

Risk Management

As with any trade, it is important to manage risk. A stop-loss order should be placed below the $2.20 support level to limit potential losses.

Disclaimer

This analysis is for informational purposes only and should not be considered financial advice. Please do your own research or consult with a financial advisor before making any investment decisions.#MicrosoftBitcoinRejection #DogeArmyComeBack #EthereumRally #SOLFutureRise #Wtite2Earn