$SUI /USDT Analysis

Current Price: $3.1958

24H High: $3.4853

24H Low: $3.1460

24H Vol (SUI): 85.50M

24H Vol (USDT): 285.72M

Market Outlook:

The $SUI USDT pair is currently in a downtrend, forming lower highs and lower lows. The recent price action suggests a potential bearish continuation.

Trading Strategy:

Long Trade:

* Entry: $3.1460 (Recent Low)

* Target: $3.4853 (Recent High)

* Stop Loss: $3.1010 (Below Recent Low)

* Leverage: 2x

Short Trade:

* Entry: $3.1958 (Current Price)

* Target: $3.1010 (Recent Low)

* Stop Loss: $3.8857 (Above Recent High)

* Leverage: 2x

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research and consult with a financial advisor before making any investment decisions.

Note:

* Leverage can amplify both profits and losses. Use it with caution.

* Always set stop-loss orders to manage risk.

* Stay updated with market news and technical analysis.

#Cryptocurrency #Trading #SUI #TechnicalAnalysis #InvestWisely