🚨💥 SUI/USDT 💥🚨
The 4-hour chart for SUI/USDT is exhibiting strong bullish momentum with a recent sharp rise in price, followed by slight consolidation near a key resistance level.
Current Price: 2.9222
💡 Critical Levels to Watch:
Immediate Resistance: 3.1540 – A significant level that, if breached, could signal continued bullish momentum.
Key Support Level: 2.7162 – Important for maintaining the current uptrend. A drop below this level might indicate a shift in trend.
Strong Support: 2.5665 – If this support is tested and fails, bearish momentum may intensify.
🔄 Short Trade Signal:
Entry: 2.9100 (if price shows signs of reversal)
Stop-Loss: 3.0300 (protect against upward breakouts)
Targets:
First Target: 2.8000
Second Target: 2.7162 – Observe if this level holds.
Third Target: 2.6000 – Potential deeper pullback.
🚀 Long Trade Signal:
Entry: 2.9500 (confirmation of continued bullish push)
Stop-Loss: 2.8700 (limit downside risk)
Targets:
First Target: 3.1000
Second Target: 3.1540 – Key breakout level.
Third Target: 3.2200 – A new high could be established here.
Indicators and Key Points:
White Indicators: Show significant resistance and support levels.
Green Indicator: Highlights potential for bullish continuation if resistance breaks.
Red Indicator: Warns of bearish sentiment if support levels are broken.
⚠️ Cautionary Note:
Pay close attention to volume spikes for confirming breakouts or breakdowns and manage risk appropriately with stop-loss orders.
