MalikNadeem006
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SUI/USDT Chart Analysis & Profit Strategy
Current Market Overview
Price: $2.2863 (-9.42% today)
24H High: $2.5458
24H Low: $2.2492
Trend: Bearish, as seen from the strong downward move.
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1. Chart Pattern Analysis
Looking at the price movement, we can see:
A sharp rejection from $2.83, indicating strong resistance.
A lower high formation, signaling a bearish trend.
Support at $2.23 - $2.25, which needs to hold to prevent further decline.
Resistance at $2.43 - $2.55, where sellers are active.
Possible Wyckoff Distribution Phase:
Uptrend: Price peaked at $2.83 and started dropping.
Lower Highs: Indicates institutions may be distributing before a major drop.
Breakdown of Support: If $2.23 breaks, expect a drop to $2.00 or lower.
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2. Profit Opportunities & Trading Strategies
1. Shorting Opportunity (Bearish Case)
If SUI breaks below $2.23, expect a drop towards $2.00 or lower.
Sell/Short below $2.23, targeting $2.00 - $1.90.
Stop-loss: Above $2.35 to minimize risk.
2. Buying Opportunity (Reversal Case)
If SUI holds $2.23 and forms a double bottom, a bullish reversal is possible.
Buy around $2.23, targeting $2.43 - $2.55.
Stop-loss: Below $2.20 to minimize losses.
3. Swing Trading Strategy
Buy near $2.23 support, sell at $2.43 - $2.55 resistance.
Repeat the trade if SUI continues ranging between these levels.
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3. Key Indicators to Watch
RSI: If below 30, SUI is oversold and may bounce.
Volume: If high on breakdown, expect further downside.
MACD: If bearish crossover, confirms downtrend.
Would you like real-time indicator analysis or more confirmation signals?
#MalikNadeem006
SUI/USDT Chart Analysis & Profit Strategy
Current Market Overview
Price: $2.2863 (-9.42% today)
24H High: $2.5458
24H Low: $2.2492
Trend: Bearish, as seen from the strong downward move.
---
1. Chart Pattern Analysis
Looking at the price movement, we can see:
A sharp rejection from $2.83, indicating strong resistance.
A lower high formation, signaling a bearish trend.
Support at $2.23 - $2.25, which needs to hold to prevent further decline.
Resistance at $2.43 - $2.55, where sellers are active.
Possible Wyckoff Distribution Phase:
Uptrend: Price peaked at $2.83 and started dropping.
Lower Highs: Indicates institutions may be distributing before a major drop.
Breakdown of Support: If $2.23 breaks, expect a drop to $2.00 or lower.
---
2. Profit Opportunities & Trading Strategies
1. Shorting Opportunity (Bearish Case)
If SUI breaks below $2.23, expect a drop towards $2.00 or lower.
Sell/Short below $2.23, targeting $2.00 - $1.90.
Stop-loss: Above $2.35 to minimize risk.
2. Buying Opportunity (Reversal Case)
If SUI holds $2.23 and forms a double bottom, a bullish reversal is possible.
Buy around $2.23, targeting $2.43 - $2.55.
Stop-loss: Below $2.20 to minimize losses.
3. Swing Trading Strategy
Buy near $2.23 support, sell at $2.43 - $2.55 resistance.
Repeat the trade if SUI continues ranging between these levels.
---
3. Key Indicators to Watch
RSI: If below 30, SUI is oversold and may bounce.
Volume: If high on breakdown, expect further downside.
MACD: If bearish crossover, confirms downtrend.
Would you like real-time indicator analysis or more confirmation signals?
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