Based on the data retrieved for SUI/USDT, here is a detailed 12-hour timeframe futures analysis:
š· SUI/USDT Futures
š© CLEAR POSITION: LONG (Confidence: 70%)
ā»ļø Recommended Leverage: 4xā8x
š Entry Zone: $4.20 to $4.35
šÆ Targets:
ā¢ T1: $4.55 (+7%)
ā¢ T2: $4.85 (+14%)
ā¢ T3: $5.10 (+20%)
ā¢ T4: $5.40 (+28%)
ā Stop Loss: $4.00
IF STOP LOSS TRIGGERS:
ā¢ New Entry: $3.85
ā¢ New Targets:
ā¢ T1: $4.10 (+6%)
ā¢ T2: $4.35 (+13%)
ā¢ T3: $4.60 (+20%)
ā¢ T4: $4.90 (+27%)
ā¢ New Stop Loss: $3.70
Key Technical Indicators
1. RSI: At approximately 60, showing bullish momentum with room before reaching overbought conditions.
2. MACD: Bullish crossover in progress, indicating an upward trend continuation.
3. Volume: Increasing buy volume supports the current uptrend.
4. Ascending Channel: Price is respecting the lower trendline, with targets aligned to the upper channel boundary.
Market Analysis
ā¢ SUI/USDT has experienced a pullback from recent highs but maintains a bullish structure, trading within an ascending channel on the 12-hour chart.
ā¢ Resistance levels: The primary resistance is at $4.55, with secondary resistance at $5.10.
ā¢ Support levels: Immediate support lies at $4.20, with a critical level at $4.00. A break below this would signal weakness.
ā¢ MACD histogram signals increasing momentum, while the Bollinger Bands suggest the price is pushing toward the upper band, indicating potential for higher targets.
Risk-Management Strategy
ā¢ Use a strict stop loss at $4.00 to manage downside risk.
ā¢ Watch for a confirmed breakout above $4.55 for confidence in higher targets.
ā¢ Adjust position size and leverage based on volatility.
