Malik Nadeem006
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Bullish
#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?
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?
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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