MashaAllah ❤️ nice information

#WhaleMovements $SUI


The image shows the Binance trading interface for the SUI/USDT pair. Let's analyze the key points and potential profit-making strategy:

Key Observations:

1. Current Price: $2.7576

2. 24H High: $2.8250

3. 24H Low: $2.5157

4. Trend: The chart shows a strong uptrend with higher highs and higher lows.

5. Indicators:

EMA (7, 21, 50): Price is above all key EMAs, indicating bullish momentum.

RSI (6, 40, 60): RSI (6) is at 73.23, which is near the overbought region (>70).

Volume Surge: Increased green bars show strong buying pressure.

Profit Strategy:

1. Short-Term Scalping:

Entry: If price pulls back to EMA(7) at 2.7227 or EMA(21) at 2.6550, consider a buy entry.

Exit: Sell near resistance at $2.8250 or if RSI exceeds 80.

Stop Loss: Below $2.6609 (previous support).

2. Swing Trading:

Buy Zone: If price retraces to $2.60 - $2.65 range.

Target: $2.85 - $3.00 (new highs possible if bullish momentum continues).

Stop Loss: Below $2.55.

3. Avoiding Risks:

RSI is approaching overbought, meaning a short-term pullback is possible.

If price breaks below $2.60, trend reversal may start.

Would you like help with setting up a trade plan based on your risk appetite?