$SUI 📉 SUI/USDT Market Update – Binance (1H Chart)🐻🐻🐻💯🎯🔑🔑👇🔥🔥
📅 Date: Feb 12, 2025 – 03:07 UTC
💰 Current Price: $3.2668
📊 Volume: Decreasing
⚡ Trend: Neutral to Slightly Bearish
📍 Key Levels
🔼 Resistance: $3.34 | $3.42
🔽 Support: $3.26 | $3.20
📊 Indicators & Pattern Analysis
✅ Candle Formation:
Sideways consolidation with lower highs.
Support being tested at $3.26.
✅ Chart Pattern:
Descending triangle pattern forming – bearish breakdown possible.
✅ Moving Averages:
20-EMA (Green): Acting as immediate resistance near $3.30.
50-EMA (Blue): Slightly above price action, adding resistance.
✅ RSI & ADX:
RSI: 42.23 → Near oversold, possible bounce but weak.
ADX: 26.58 → Trend losing strength, potential breakdown.
Negative DI (22.90) > Positive DI (13.28), showing bearish control.
📉 Trade Setup
🔴 Short (Sell) – If SUI Breaks Below $3.26
📌 Entry: $3.25 - $3.22
📌 Stop-Loss: $3.34
📌 Take-Profit: $3.18 - $3.12
✅ Confirmation: Bearish candle close & increased volume.
🟢 Long (Buy) – If SUI Reclaims $3.30 Support
📌 Entry: $3.32 - $3.35
📌 Stop-Loss: $3.25
📌 Take-Profit: $3.42 - $3.50
✅ Confirmation: RSI bouncing above 50 & bullish volume spike.
⏳ Trade Duration: 1-4 Hours
📢 Conclusion:
📊 Pattern: Descending triangle – bearish bias.
⚡ Strategy: Short below $3.26, long only if $3.30 reclaims support.
📌 Disclaimer: This is not financial advice. Always do your own research and risk management. 🚀
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