🚨 $SUI /USDT at $4.66: Is a Breakout Above Resistance Imminent? 🚨
SUI is trading at $4.6698, with an 8.68% gain in the last 24 hours. After rebounding strongly from $4.1089, the coin is testing critical levels, signaling potential for further upside.
Targets for the Upside:
1. $4.7580 – Immediate resistance; a breakout here could trigger rapid gains.
2. $4.9000 – Mid-term target and psychological level.
3. $5.0000 – Key resistance and potential extended rally point.
Support Levels to Watch:
$4.5000 – Strong support to sustain bullish sentiment.
$4.1000 – Critical support; a breakdown here may lead to further downside.
Trade Setup:
Long Entry: Above $4.7580 for targets at $4.9000 and $5.0000.
Short Entry: Below $4.5000 targeting $4.1000.
Stop-loss: Set below $4.1000 to manage risk.
⚠️ Market Insight: SUI's price action shows bullish momentum backed by increasing volume. Monitor key levels for a breakout confirmation or pullback to support for optimal trading opportunities.
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