$SUI /USDT. Based on the current price of $3.51 and market activity, here's a short-term intraday trading strategy:
SUI/USDT – Intraday Trade Setup (Support/Resistance Range)
Current Price: $3.51
24h Range: Low: $3.4199 | High: $3.6409
MA60 (Short-Term Trend): $3.5842 (just under the current price, suggesting weak bullish momentum)
Strategy: Range Rebound or Breakout
1. Entry Option A – Range Rebound:
Buy Zone: $3.48–$3.50 (near 24h low, support, and MA60 level)
Stop Loss: Below $3.45
Target 1: $3.58–$3.60 (MA and resistance zone)
Target 2: $3.64 (24h high)
2. Entry Option B – Breakout Play:
Entry Trigger: Strong close above $3.58 with volume confirmation
Stop Loss: $3.50 (recent support)
Target 1: $3.64 (24h high)
Target 2: $3.70–$3.75 (if momentum pushes higher)
3. Volume Check:
Watch for volume surges in the breakout zone (above 3M) to confirm bullish strength.
4. Notes:
RSI & MACD: Keep an eye on these indicators for any overbought/oversold conditions.
Bearish Case: If price stays below MA60 for too long, watch for a deeper pullback to $3.40.
Would you like to set up a grid trading strategy for SUI or focus on a swing position? Let me know if you want more details! Follow for more updates