$SUI is experiencing a neutral to bullish trend.
The current price is $3.89, reflecting a 3.18% increase from the previous close. The intraday high reached $3.89, with a low of $3.75. Key support is observed at $3.44, while resistance is noted at $4.00. A breakout above $4.00 could target $4.50.
Fibonacci Levels:
The recent price action suggests a potential retracement from the $4.00 resistance level. Key Fibonacci retracement levels to watch are:
23.6%: $3.88
38.2%: $3.82
50%: $3.76
61.8%: $3.70
A bounce from these levels could indicate continued upward momentum.
RSI:
The 14-day Relative Strength Index (RSI) is at 50.01, suggesting a neutral market condition. This indicates that the market is neither overbought nor oversold, implying potential for further price movement without immediate reversal signals.
Entry Zones:
Safer Entry: Consider entering around the $3.82 to $3.84 range, aligning with the 38.2% Fibonacci level.
Aggressive Entry: A breakout above $4.00 could provide an opportunity for aggressive entry, targeting the next resistance at $4.50.
Take-Profit Zones:
TP1: $4.00 (previous resistance level)
TP2: $4.50 (next projected resistance)
Stop-Loss Ideas:
Conservative Stop-Loss: Place a stop-loss just below the 50% Fibonacci level at $3.76 to minimize potential losses.
Tight Stop-Loss: A more aggressive stop-loss could be set just below the 23.6% Fibonacci level at $3.88, allowing for tighter risk management.
