📉 $SUI USDT Chart Analysis

🔎 Overall Trend #SUI🔥

The chart shows a short-term downtrend, with potential for a retest of key support levels. Price action suggests waiting for confirmation from the candles before making a move.

🔑 Key Levels

Resistance Levels:

4.4973 (Current Price)

4.6497

4.7601

4.8865

Support Levels:

4.4899

4.2534

4.0739

3.8915

📈 Trading Strategies

1. Long Position

Entry: Wait for a bullish candle confirmation above the 4.4973 resistance level.

Stop-Loss: Place stop-loss below the 4.4899 support level.

Take-Profit: Target the 4.7601 breakout level for potential profits.

2. Short Position

Entry: Wait for a bearish candle confirmation below the 4.4973 resistance level.

Stop-Loss: Place stop-loss above the 4.4899 support level.

Take-Profit: Target 4.2534 or 4.0739 support levels for short-term profit opportunities.

⚖️ Important Considerations

Risk Management: Always use stop-loss orders to protect your capital and manage risk effectively.

Market Volatility: Crypto markets are highly volatile, so be prepared to adjust your strategy based on price action and market changes.

⚠️ Disclaimer:

This analysis is for educational purposes only and should not be considered financial advice. Always conduct thorough research and consult a financial advisor before making any trading decisions.