🚀 $SUI /USDT: TESTING KEY SUPPORT – POTENTIAL BREAKOUT AHEAD? ⚡
The $SUI/USDT pair is currently trading at 5.0538, consolidating near significant support and resistance levels. Traders should be alert for a possible breakout or pullback in the near future.
📊 Trade Scenarios:
Entry Point: 5.0538
Take Profit (TP 1): 5.2000
Take Profit (TP 2): 5.4000
Take Profit (TP 3): 5.6000
Stop Loss (SL): 4.9000
Support is at 4.9000, while resistance is at 5.2000. A breakout above 5.2000 could trigger bullish momentum, with potential targets at 5.4000 and 5.6000. On the downside, a drop below 4.9000 might signal a bearish trend and lead to further declines.
📉 Market Outlook:
SUI is holding above 4.9000 support, suggesting potential for an upward move if it breaks 5.2000 resistance. A breakout could confirm bullish strength, while failure to hold support may lead to a retracement.
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