$SUI /USDT Technical Analysis
Current Price: $3.5045
Analysis:
The $SUI /USDT pair is currently consolidating within a range. The 4H chart shows a series of green and red candles, indicating indecision in the market. The recent price action has formed a symmetrical triangle pattern, which suggests a potential breakout in either direction.
Trade Ideas:
Long Trade:
* Entry: $3.6554 (above the recent high)
* Target: $3.7333 (resistance level)
* Stop Loss: $3.3786 (support level)
* Leverage: 2x
Short Trade:
* Entry: $3.3786 (below the recent low)
* Target: $2.9359 (support level)
* Stop Loss: $3.6554 (resistance level)
* Leverage: 2x
Market Outlook:
The market is currently in a state of indecision. A breakout above the $3.6554 resistance level could signal a bullish trend, while a breakdown below the $3.3786 support level could signal a bearish trend. Traders should monitor the market closely for any signs of a breakout or breakdown.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions.
