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SUI/USDT Daily Technical Analysis : Strategic Buy Opportunity
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SUI/USDT shows a strong uptrend above the 7-EMA, with a key support zone around $3.80 - $3.90, making it an attractive entry point for spot buying.
Key Levels :
Support Zone : $3.80 - $3.90
Resistance Levels : $4.85 (short-term target), $5.00 (key psychological level)
Stop Loss : $3.65 (closing basis)
Technical Insights :
1️⃣ The 7-EMA signals strong upward momentum, keeping the trend intact.
2️⃣ The price is retracing to a healthy accumulation zone near $3.80, aligning with critical support.
3️⃣ A breakout above $4.85 could confirm the continuation of the bullish trend.
Strategy :
Enter at $3.80-$3.90 with spot buys only; NO leverage to mitigate risk.
Target : Short-term $4.85, Mid-term $5.00+.
Stop Loss : Close positions if the price closes below $3.65.
Pro Tip :
Use a tight risk-reward ratio, and watch for bullish candlestick patterns near the support zone for confirmation.
Conclusion :
SUI/USDT presents a well-defined buy opportunity within the $3.80 zone. Risk-averse investors should set strict stop-losses and avoid leverage to navigate the market safely. Ride the trend cautiously and target the next resistance levels for optimal returns.
#BTCnextmove
SUI/USDT shows a strong uptrend above the 7-EMA, with a key support zone around $3.80 - $3.90, making it an attractive entry point for spot buying.
Key Levels :
Support Zone : $3.80 - $3.90
Resistance Levels : $4.85 (short-term target), $5.00 (key psychological level)
Stop Loss : $3.65 (closing basis)
Technical Insights :
1️⃣ The 7-EMA signals strong upward momentum, keeping the trend intact.
2️⃣ The price is retracing to a healthy accumulation zone near $3.80, aligning with critical support.
3️⃣ A breakout above $4.85 could confirm the continuation of the bullish trend.
Strategy :
Enter at $3.80-$3.90 with spot buys only; NO leverage to mitigate risk.
Target : Short-term $4.85, Mid-term $5.00+.
Stop Loss : Close positions if the price closes below $3.65.
Pro Tip :
Use a tight risk-reward ratio, and watch for bullish candlestick patterns near the support zone for confirmation.
Conclusion :
SUI/USDT presents a well-defined buy opportunity within the $3.80 zone. Risk-averse investors should set strict stop-losses and avoid leverage to navigate the market safely. Ride the trend cautiously and target the next resistance levels for optimal returns.