$SUI /USDT Technical Analysis & Trade Signal🚀🚀🚀🚀🚀
Current Price: $4.81
Key Levels:
Support: $4.5659 (24h Low)
Resistance: $4.8680 (24h High)
Trend Analysis:
Price Action: The price of SUI/USDT has shown a positive momentum over the last 24 hours, up by 1.21%. It's currently consolidating around $4.81 and testing resistance levels.
Moving Average Convergence Divergence (MACD): Indicates bullish momentum with a potential for continuation if the price breaks above $4.86.
Relative Strength Index (RSI): Currently at 60, which indicates the market is neither overbought nor oversold, giving room for further upward movement.
Trade Signal:
Entry Point: Consider entering a long position at $4.82 or on a pullback to $4.75 for better risk-to-reward.
Target Levels 🎯:
1. Target 1: $4.87 (Breaking the 24-hour high)
2. Target 2: $5.00 (Psychological resistance level)
3. Target 3: $5.15 (Next key resistance zone)
Stop Loss: $4.55 (Support level below the 24h low)
Trade Momentum:
Bullish Bias: The price is testing the recent highs and the market shows signs of strength. Watch for confirmation of breaking above $4.86 for a continuation move to the upside.
Risk/Reward: The setup provides a good risk-to-reward ratio, especially with targets placed above the current price and a stop loss just below support.
Conclusion:
SUI/USDT is currently in a bullish trend, and the price is likely to continue higher as long as it maintains momentum above $4.75. Watch for a break above $4.86 to push towards the next target levels. Keep your stop loss tight to manage risk effectively.