$SUI is currently trading at $4.37, showing a -5.44% decline. The price is testing support near $4.30 after being rejected at $4.76.
Key Levels:
Resistance: $4.60 - $4.76
Support: $4.20 - $4.30
Analysis:
If SUI holds above $4.30, it could recover toward $4.60.
If it falls below $4.20, the price could drop to $4.00 or lower.
Trade Signal:
Long Position: Buy between $4.30 - $4.37. Target prices are $4.60 and $4.75. Stop loss at $4.20.
Short Position: Sell below $4.20. Target prices are $4.00 and $3.80. Stop loss at $4.35.
Strategy: Watch for price action at $4.30. After hitting the first target, move stop loss to break even to reduce risk.
Risk Management: Be cautious with position sizes due to high volatility.
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