$SUI /USDT Trading Signal - Potential Reversal on Key Support
Entry Point: $4.55 - $4.58
Targets:
Target 1: $4.62
Target 2: $4.66
Stop Loss: $4.50
Market Highlights:
Current price is $4.5781, nearing the critical support at $4.5189.
Immediate resistance at $4.6409, with potential for a breakout toward higher levels.
24-hour high of $4.7989, indicating upside potential if momentum builds.
Key Levels to Watch:
Support: $4.5189 (recent low).
Resistance: $4.6409 and $4.66.
Analysis:
The price is consolidating near its support level of $4.5189, suggesting potential for a rebound. A breakout above $4.62 could drive momentum toward $4.66. Traders should monitor for increased volume to confirm upward movement.
Pro Tip: Consider securing partial profits at Target 1 and trailing stop loss to $4.56 to manage risks effectively.
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