$SUI
Bullish, as the price has increased by 3.46% in the last 24 hours.Price Amplitude: 1.84%, showing a moderate level of volatility in the market.Moving Average Convergence Divergence (MACD):The MACD is likely showing bullish momentum, as the price has recently made a 3.46% upward change. A further confirmation can be done by analyzing the MACD for a potential bullish crossover.RSI (Relative Strength Index):If the RSI is above 50, it may indicate increasing bullish momentum. Should the RSI cross above 70, the asset might be considered overbought and ripe for a correction.Order Book Analysis:Largest Orders:At $4.3352, a substantial buy order for 1.4 million SUI is listed.At $4.3362, a large sell order for 518.6K SUI is available.
The order book shows an imbalance towards buy orders near current price levels, which could suggest a potential for upward price movement.
Trade Signal:
When to Buy: If the price holds above $4.33 and shows signs of further upward momentum, consider entering a long position. A breakout above $4.4659 would be a strong signal to buy.Entry Point: Buy if the price holds above $4.33 or breaks through $4.4659 resistance.Target Price: $4.50 - $4.55 (Resistance zones)Stop Loss: Below $4.20 (protects against any sudden drop below support)
When to Sell: If the price fails to break above $4.4659 and starts to show signs of a reversal (with bearish RSI or MACD), consider exiting or shorting.Target Price for Shorts: $4.20 or lower.Stop Loss: Above $4.50 to prevent losses in case of upward movement.
Conclusion:
Short-term Trend: Bullish with a price increase of 3.46%. The price is showing strength and is currently trading near support levels.Long-term Outlook: Neutral to bullish, with the price above the MA(25), suggesting upward potential if the momentum holds.
A buy signal is ideal if the price stays above $4.33 and breaks the resistance at $4.4659. Conversely, a sell signal could emerge if price struggles to hold the current support level at $4.33 and begins showing signs of weakness.