$SUI see... 🚀🚀🚀🚀

$SUI SUI/USDT, here’s a 12-hour analysis along with potential buy entry and stop loss (SL) suggestions:
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Analysis
1. Current Price: 3.2497 (down 5.33%).
2. Key Indicators:
MACD: Indicates bearish momentum as the histogram is below zero. Momentum is weak but showing early signs of potential reversal if MACD crosses signal upward.
RSI (6): Around 31, approaching the oversold zone, signaling a potential bounce if buying pressure increases.
Stochastic RSI: In the oversold region, suggesting a reversal could occur soon.
Williams %R: Also in the oversold zone, strengthening the possibility of a short-term bounce.
OBV: Shows declining volume with the price, indicating that the selling pressure is losing strength.
3. Price Action:
The price is near a recent support level around 3.2000–3.2200, which could act as a potential entry zone.
Resistance lies around 3.3500 and 3.4000, where selling pressure could resume.
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Trading Strategy
Buy Entry:
Entry Zone: 3.2200–3.2400 (near the support level).
Confirmation: Wait for bullish candlestick patterns, such as a hammer, or a clear breakout on smaller timeframes (e.g., 5m or 15m).
Take Profit (TP):
TP1: 3.3000 (+1.5% to +2% from entry).
TP2: 3.3500 (+3%).
Stop Loss (SL):
Place SL below the recent swing low at 3.1800 (approximately -2%).
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Additional Notes:
Risk Management: Adjust position size to limit risk to 1–2% of your capital.
Volume Confirmation: Look for increasing volume alongside price movement to confirm bullish momentum.
Bearish Scenario: If the price breaks below 3.1800 with strong volume, avoid entries until a new support level is established.