$SUI /USDT Technical Analysis & Trade Signal 🎯

Current Market Overview

Price: $4.87 (Up 4.71%)

24h High: $5.1432

24h Low: $4.6154

24h Volume (SUI): 106.91M

24h Volume (USDT): 523.29M

📈 Bullish Momentum & Key Support & Resistance Levels

Key Levels:

Support Level: $4.6154 (24h Low) – A significant support level that could act as a floor for the price.

Resistance Level: $5.1432 (24h High) – A strong resistance zone that might be tough to break above.

Trendline Support: $4.75 – A potential support zone to watch if the price pulls back before continuing its upward movement.

⚡ Trade Signal:

Buy Signal (Long Position):

Entry: $4.75 (Rebound confirmation from support)

Stop-Loss: $4.60 (Just below the 24h Low to minimize risk)

Target 1: $5.00 (Psychological resistance level)

Target 2: $5.1432 (24h High, major resistance zone)

Target 3: $5.50 (If bullish momentum continues, this could be the next resistance level)

Sell Signal (Short Position):

Entry: $4.95 (Rejection at resistance or near $5.00)

Stop-Loss: $5.10 (Above the resistance area)

Target 1: $4.75 (Support area)

Target 2: $4.6154 (24h Low)

Target 3: $4.50 (Next possible support level if price continues to decline)

💡 Trade Momentum:

Bullish Momentum: The price has shown an upward movement of 4.71%, indicating strong bullish momentum. If the price maintains above the support levels, the upward trend is likely to continue.

Potential Reversal: If the price tests and gets rejected near $5.00 or $5.1432, bearish momentum could develop, sending the price lower to test the support levels.

🚨 Risk Management:

Stop-Loss: Always place a stop-loss order to protect your trades from adverse price movements.

Entry Confirmation: Wait for clear price confirmation at key levels before entering trades.

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