$SUI /USDT- Neutral to Bullish :(

Current Price: $3.88

Intraday Range: $3.75 – $3.89

Key Support: $3.44

Resistance Levels: $4.00, $4.18

$SUI is currently experiencing a neutral to bullish trend. The price is consolidating above key support at $3.44, with resistance levels at $4.00 and $4.18. A breakout above $4.18 could signal a continuation of the upward trend.

📊 Fibonacci Levels: Retracement Status

23.6% Retracement: $3.88

38.2% Retracement: $3.82

50% Retracement: $3.76

61.8% Retracement: $3.70

The price is currently at the 23.6% Fibonacci retracement level. A pullback to the 38.2% or 50% levels could provide a safer entry point for long positions.

📉 RSI: Neutral to Bullish

14-Day RSI: 63.94

Interpretation: The RSI is approaching overbought territory but has not yet reached it, suggesting room for further upside.

🎯 Entry Zones

Safer Entry: $3.76 – $3.82 (50% to 38.2% Fibonacci retracement levels)

Aggressive Entry: $4.18 (breakout above recent resistance)

A pullback to the $3.76 – $3.82 range could offer a favorable risk-to-reward ratio for long positions. Alternatively, a breakout above $4.18 with strong volume could signal the start of a new bullish leg.

💰 Take-Profit Zones

TP1: $4.00 (previous resistance level)

TP2: $4.18 (next projected resistance)

Reaching these levels would confirm the continuation of the bullish trend.

🛡️ Stop-Loss Ideas

Conservative Stop-Loss: $3.70 (below the 61.8% Fibonacci level)

Tight Stop-Loss: $3.82 (below the 38.2% Fibonacci level)

Setting a stop-loss below these levels can help manage risk in case of a market reversal.

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