$SUI /USDT Trading Signal - Consolidation Near Key Support

Current Price: $5.1012

Key Levels:

24h High: $5.3687

24h Low: $4.9779

Observation:

$SUI /USDT has retraced from its 24-hour high of $5.3687 and is consolidating near $5.10 after briefly testing the support at $4.9779. The price appears to be stabilizing, with potential for a recovery if buyers step in at the current levels.

Potential Strategy:

Entry Range: $5.0800 - $5.1200

Targets:

Target 1: $5.2000 (Immediate Resistance)

Target 2: $5.3000 (Closer to 24h High)

Stop Loss: $4.9500

Key Insights:

A bounce from the $5.10 level could lead to a recovery toward $5.2000 and beyond if volume supports the move. Monitor for a breakout above $5.2000 for bullish continuation. Secure partial profits at Target 1 and adjust stop-loss to minimize downside risk.

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