š Technical Analysis ā SUI/USDT (Binance)
The daily chart of SUI/USDT shows signs of a potential reversal after bottoming out at 2.8467, offering solid opportunities for both long and short swing trades, depending on price action at resistance zones.
ā ļø Technical Indicators:
ā
EMA 7 (3.3165) crossing above EMA 25 (3.4000) ā early recovery signal
ā
Current price: 3.4362 ā testing immediate resistance
ā
EMA 99 (3.2315) below price ā acting as key support
ā
RSI (6): 60.26 ā increasing bullish momentum, not overbought yet
ā
Stochastic RSI: 84.95 ā already overbought ā watch for possible corrections
ā
MACD bullish crossover with positive histogram ā growing bullish momentum
šø DCA Entry Strategy (Long):
If price pulls back to lower support zones, consider a staggered DCA entry like this:
šø 40% of position at 3.05 USDT
šø 30% at 2.95 USDT
šø 30% at 2.85 USDT (recent bottom)
š§ Swing Trade Strategy (Leverage x3 or x5):
š¢ Bullish Scenario (Long):
ā
Entry zone: 2.85 ā 3.05 USDT (on retracement)
šÆ Target 1: 3.67 USDT (previous resistance)
šÆ Target 2: 4.29 USDT (last high)
šÆ Extended Target: 4.70+ USDT (if breakout confirmed with volume)
ā Stop Loss: 5% below average entry
š“ Bearish Scenario (Short):
ā ļø If the price strongly rejects the 3.67 ā 3.70 USDT zone, it may indicate a potential trend exhaustion.
š“ Short Entry: between 3.65 ā 3.70 USDT, with reversal candle confirmation
šÆ Target 1 (Short): 3.23 USDT (EMA 99 support)
šÆ Target 2 (Short): 2.85 USDT (recent bottom)
ā Stop Loss: 5% above short entry
š§ Suggested Strategy: trade both directions with proper risk management. Use leverage carefully and pay attention to price action near key support and resistance zones.
ā ļø DISCLAIMER: This content is for educational and informational purposes only. It does not constitute financial advice or a recommendation. Always DYOR (Do Your Own Research).
$SUI #SUI #SwingTrade #Write2Earn #TradeLongEShort #TargetLocked