$SUI
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🟢🚨 Trading Signal: SUI/USDT (4H Chart)🚨
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💵 Current Price: $0.9638
📉 Support Zone: $0.90
📊 Resistance Levels:
🔹 $1.01
🔹 $1.20
🔮 Signal Type: Bullish📈
🎯 Strategy:
➖ Price Action: The chart shows that the price has been respecting the support zone around $0.90, suggesting strong buyer interest at this level. The recent dip towards this zone indicates a possible retest before a rebound.
➖ Moving Averages: The 50-period moving average is beginning to slope upwards, signaling a potential bullish trend reversal. If the price holds above the support zone, a bullish crossover with the 200-period MA could further confirm the uptrend.
➖ Fibonacci Retracement: The resistance levels align with key Fibonacci retracement levels (0.382, 0.5), suggesting these are critical areas where the price could face selling pressure.
🚀 Entry Point: $0.86 - $0.91
🏁 Take Profit Targets:
➖ 🎯 TP1: $1.01 (0.382 Fib level)
➖ 🎯 TP2: $1.20 (0.5 Fib level)
➖ ⚠️ Stop Loss: $0.86 - 5% = $0.817
⚖️ Risk/Reward Ratio: ~3:1
📌 Recommendation:
➖ 🛒 Buy in the range of $0.86 to $0.91.
➖ Monitor the 📈 bullish crossover and watch for confirmation at the support zone before entering the trade.
⚠️ Disclaimer: DYOR and NFA