$SUI #BinanceAlphaAlert

Based on the current SUI/USDT chart (4-hour timeframe) from Binance, here's a quick analysis to help you make a more informed decision:

Current Market Overview

Current Price: 3.5308 USDT

24h High/Low: 3.6172 / 3.4199 USDT

24h Volume: 56.23M (SUI), 199.61M (USDT)

Change: -1.54% (slightly bearish)

Technical Indicators

Support Levels:

Strong support around 3.39 (recent low).

Next major support at 3.23 and 3.04.

Resistance Levels:

Immediate resistance around 3.66 and 3.89.

Bollinger Bands:

Price is near the middle band (MB: 3.5906) — shows potential sideways movement.

Bands are relatively tight — indicating possible consolidation before a breakout.

RSI (Relative Strength Index):

RSI(14): 41.31 — not oversold yet, but leaning toward bearish.

RSI(40,60): Hovering around 60.5 — more neutral.

Strategy Suggestions

For Short-Term Traders:

Watch if price drops near 3.39 or 3.23 — could be a buying opportunity with tight stop-loss.

Target 3.59–3.66 for short-term gains if bounce confirmed.

For Breakout Traders:

A break above 3.66 with volume may signal a move toward 3.89+.

Risk Management:

Always set a stop-loss below support (e.g., below 3.23).

Avoid chasing if the price is moving without volume confirmation.

Would you like a trade plan for scalping, swing trading, or long-term holding?