Let's quickly analyze the SUI/USDT chart you posted:
1. Current Price
Price: 3.5681 USDT
Daily Change: -1.52% (slightly bearish)
2. Technical Indicators
Bollinger Bands:
Price is below the middle band (3.6219), heading toward the lower band (3.4165).
This shows bearish momentum but near support.
Volume:
Volume has increased recently during the red candles.
High selling pressure indicates more downside risk unless reversed.
MACD:
MACD Line (-0.0067) crossed below Signal Line (0.0349).
Bearish crossover, suggesting downward momentum.
RSI:
RSI(14) = 31.65 (approaching oversold territory).
RSI(40) = 52.19
RSI(60) = 54.61
Short-term RSI shows weakness, but it's close to a bounce zone (~30).
3. Support and Resistance
Immediate Support: 3.46 - 3.39 (lower Bollinger Band and recent swing low)
Resistance: 3.62 - 3.82
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Profit Strategy Suggestions
Short-Term Traders:
Watch for a reversal signal near 3.46 - 3.39.
If a bullish candlestick forms (like a hammer), a quick long scalp toward 3.62 could be profitable.
Riskier Short Sell:
If price breaks below 3.39 strongly, you could consider shorting to ~3.25.
Safer Plan:
Wait until RSI confirms oversold (<30) and MACD starts to curve up before buying.
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Summary
> Now = Risky to Buy
Better = Wait for bounce at 3.46 or 3.39 zone.
If Bounce Confirmed = Buy and target 3.60 - 3.62 for small profit.
Use tight stop loss under 3.39.
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Would you like me to also give you a detailed entry, stop loss, and take profit plan (like exact numbers)?
I can prepare it if you want!