$SUI Currency Analysis on the Hourly Frame:
1. General trend: Strong bullish trend in the past hours
2. Technical indicators:
Moving averages (MA):
MA(7): 5.19 (nearby initial support level).
MA(25): 4.97 (medium-term support).
MA(99): 4.45 (strong long-term support).
SAR indicator: Dots above the price, indicating a possible imminent correction.
RSI(6): Value 55.98, which is in a neutral zone with a tendency towards overbought, which means a slight decline or stability is possible.
MACD: Shows continued positive momentum, with divergence between the DIF and DEA lines.
3. Support and resistance levels:
Resistances♥:
First resistance: 5.30 (highest peak recorded).
Second resistance: 5.50 (strong psychological level that the price may face if the rise continues).
Support♥:
1st support: 5.14 (current price can be considered as momentary support).
2nd support: 4.90 (nearest low).
3rd support: 4.66 (strong support according to historical data).
Recommendation♥♥:
If you already own the currency:
For short-term trading: you can sell partially at the resistance levels 5.30-5.50 with a buyback at the support levels 5.14 or 4.90.
For long-term investment: hold as long as the price is above MA(99) at 4.45.
If you plan to enter♥♥:
Wait for a correction to the support levels 5.14 or 4.90.
In case the price breaks the 5.30 level steadily, buying with a target of 5.50 may be a good idea.
Use a stop loss below the level" 4.90 "To reduce potential losses.