SUI/USDT Technical Analysis📊: Buying, Selling, and Stop Loss Targets 🎯
Current Price: 3.3819 USDT
Support Level: 3.3783 USDT
Resistance Level: 3.5339 USDT
Trading Data:
24h High: 3.5339 USDT
24h Low: 3.3783 USDT
24h Volume (SUI): 47.31M SUI
24h Volume (USDT): 163.82M USDT
Technical Analysis:
MA (Moving Average): Neutral, with no clear trend established.
EMA (Exponential Moving Average): Slightly bearish, suggesting potential downward pressure.
MACD: Neutral to slightly bearish, indicating potential consolidation or slight decline.
Bollinger Bands: Price near the lower band, indicating potential for price reversal or breakout.
SAR (Parabolic SAR): Shows a slight downtrend, but could flip to bullish if the price breaks resistance.
Step-by-Step Trading Strategy:
Buy Signal:
Enter when the price reaches 3.3783 USDT (support level) and shows signs of reversal, or if it breaks 3.5339 USDT (resistance), confirming a breakout.
Sell Signal:
Exit at 3.5339 USDT (resistance level) or if a reversal is observed. If price continues upward after breaking resistance, adjust the sell target accordingly.
Stop Loss:
Set stop loss at 3.3783 USDT to minimize risk if the price drops below the support level.
Target Price:
Short Term: 3.5339 USDT (near-term resistance level).
Long Term: If the breakout continues, next resistance could be 3.5500 USDT.
Important Notes:
Best Time to Buy: Look for high-volume periods and signs of reversal near support.
Best Time to Sell: Monitor for reversal signs near 3.5339 USDT (resistance).
Always check live charts before entering a trade.
Disclaimer:
Trading involves risk. This is not financial advice. Always do your own research and trade responsibly.
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