$SUI

$SUI

/USDT – Layer 1 Bullish Momentum strategy 🎯📈📊

Current Data:

Price: $4.77

24h High: $4.82

24h Low: $4.57

24h Change: +1.13%

24h Volume:

SUI: 57.75M

USDT: 271.99M

Technical Analysis 🔍:

Trend: Bullish, with a consistent upward movement, maintaining a solid 1.13% gain over the past 24 hours.

Support: $4.57 – Strong support level forming, which helped hold the price above $4.77.

Resistance: $4.82 – Recent high, potential breakout point for further gains.

Momentum: Positive, with price gradually trending upwards within a narrow range.

Volume: Good volume suggests strong market participation, supporting price stability.

Trade Strategy 🚀:

Entry Zone 📍:

Buy Zone: Consider entering near $4.77 - $4.80, especially after a pullback to support at $4.77.

Target Keys 🎯:

1. $4.90 – First resistance level, partial profit taking or adjustment of stop-loss.

2. $5.00 – Psychological level, secondary target if momentum holds.

3. $5.20 – Extended target, break of $5 would open further upside potential.

Stop-Loss 🚨:

Conservative Stop-Loss: $4.55 (just below the recent low to protect against sharp downturns).

Aggressive Stop-Loss: $4.70 (tighter stop for controlled risk).

Trade Setup ⚙️:

Confirmation Needed: Price needs to break above $4.82 with strong volume to confirm the continuation of the uptrend.

Indicators to Watch:

MACD: Bullish momentum should be confirmed by MACD crossover.

RSI: A reading above 50 supports the bullish trend.

Volume: Increased volume on upward movement indicates higher likelihood of breakout.

Execution Plan 🎯:

1. Buy: Enter near $4.77 - $4.80 after a pullback or consolidation near support.

2. Take Profit:

First at $4.90

Second at $5.00

Extended target at $5.20 if the uptrend strengthens.

3. Stop-Loss: Set at $4.55 (for conservative) or $4.70 (for aggressive risk management).

Get ready to ride the SUI wave with Layer 1 momentum! 🚀

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