$SUI /USDT Technical Analysis
Current Price: $3.7873
24h High: $3.8200
24h Low: $3.6043
24h Vol(SUI): 62.45M
24h Vol(USDT): 231.96M
Gainer: +3.52%
Pattern Analysis: The chart shows a bullish trend with a potential flag pattern forming. The price has broken above the upper Bollinger Band (BB) and is currently retesting the broken level. This suggests a continuation of the uptrend.
Trade Recommendations:
Long Trade:
* Entry: $3.7873 (Current Price)
* Target: $4.0000 (Above the flag pattern)
* Stop Loss: $3.6000 (Below the recent swing low)
Short Trade: Wait for a clear bearish signal, such as a break below the flag pattern.
Market Outlook: The bullish momentum is strong, and a further uptrend is likely in the short term if the flag pattern breaks to the upside. However, it's important to monitor the market closely for any signs of a reversal.
Leverage: Use leverage carefully and manage your risk. Consider using a stop-loss order to limit potential losses.
