$SUI is currently trading at approximately $4.48, showing a slight decline from the previous close.
Buy Zone: Analysts suggest considering a buy entry near $4.30, as this level indicates consolidation near minor support, providing a potential low-risk entry point.
Target Levels:
Target 1: $4.50 – Identified as immediate resistance; reaching this level could indicate bullish momentum.
Target 2: $4.90 – Considered a stronger resistance zone; achieving this level may attract profit-taking.
Stop Loss: A stop loss is recommended below $4.20, positioned under the nearest support level to protect against significant downside risk.
Risk Management:
Spot Traders: Entering near $4.30, securing partial profits at $4.50, and allowing the remaining position to aim for $4.90 is advised.
Futures Traders: Utilizing 2x-3x leverage with a position size that ensures the stop loss below $4.20 limits loss to less than 2% of account value is recommended.
Additional Considerations:
Support Levels: $4.20 serves as a critical level; a drop below this could trigger further downside toward $4.00.
Resistance Levels: $4.50 is the immediate hurdle, with stronger resistance at $4.90 (recent high).
Market Dynamics: Increased volatility is expected near these zones as market participants react to price movements.
Recommendation: Monitor price action around $4.50 for signs of rejection or continuation to inform further trading decisions. Trailing stop losses after a breakout can help secure profits.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consider your risk tolerance before making trading decisions.
For a visual analysis and further insights into SUI's price targets, you may find the following video helpful.
#Crypto2025Trends #GrayscaleHorizenTrust #MarketRebound #BinanceLabsBacksUsual #BinanceLaunchpoolBIO
