$SUI

/USDT Technical Analysis and Trade Signal🚀🎯

Key Technical Indicators:

Bollinger Bands (20, 2):

Upper Band (Resistance): $3.4993

Middle Band (Support): $3.4537

Lower Band (Support): $3.4081

Parabolic SAR: $3.4588

Trend: Neutral to slightly bullish as the price is near resistance levels but has upward pressure from the SAR.

Trade Momentum:

Current Momentum: Neutral to slightly bullish. The price action suggests a test of resistance at $3.4993. A breakout with volume can shift momentum strongly bullish, while failure to break could trigger a retracement.

Volume Analysis: 24h volume (189.88M USDT) indicates good liquidity, favoring breakout potential if momentum sustains.

Trade Signal:

Entry Levels:

Buy above $3.5000 on a confirmed breakout (candle close above resistance).

Sell below $3.4500 if price fails to sustain above the SAR or middle Bollinger Band.

Targets 🎯:

1. Target 1 (T1): $3.5200 (short-term resistance)

2. Target 2 (T2): $3.5417 (24h High)

3. Target 3 (T3): $3.6000 (psychological and technical level)

Stop Loss:

For long positions: Place a stop loss at $3.4400 to manage downside risk.

Scenarios:

Bullish Case:

Break above $3.5000 with strong volume.

Target levels achieved sequentially with potential to sustain bullish momentum toward $3.6000.

Bearish Case:

Rejection at $3.5000 and price drops below $3.4500.

Support levels to watch: $3.4081 (lower Bollinger Band).

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