$SUI /USDT Technical Analysis and Trade Signal,馃殌馃幆馃幆馃幆
Current Price: $4.3431
Market Trend: Bearish pressure is evident, but signs of consolidation near support levels are present.
Key Technical Indicators:
1. SAR (0.02, 0.2): $4.2488 (Downtrend continuation)
2. 24H Low: $4.0779 (Critical Support Level)
3. 24H High: $4.7630 (Resistance Level)
Trade Signal:
Trade Decision: Short-term buy (Buy on Dip)
Entry Point: Between $4.20 and $4.25
馃幆 Targets:
1. Target 1: $4.50
2. Target 2: $4.65
3. Target 3: $4.85
Stop Loss: $4.05 (To limit potential losses)
Trade Momentum:
Bullish Pullback: If the price holds above $4.20, an upward move is likely.
Bearish Breakdown: If the price breaks below $4.05, the market could see further downside.
Recommendation:
Monitor volume and momentum closely while trading. SUI, being a Layer 1 blockchain project, is also worth considering for long-term investment opportunities.