# SUI/USDT on Binance, here's a breakdown of the current price analysis and what it might indicate for profit-making:

1. Current Price

Current price: $3.4002

It's slightly down -0.16%, suggesting short-term weakness.

2. Support & Resistance Levels

Immediate Support: Around $3.2721 (recent low)

Resistance: Around $3.4916 (EMA(7)) and $3.5177 (EMA(21))

If the price holds above $3.2721 and bounces, it might retest the $3.49-$3.51 levels.

3. Indicators Analysis

Volume:

High red volume suggests strong selling pressure. Be cautious—it might indicate bearish sentiment.

MACD:

MACD Line: -0.0427 (negative)

Indicates bearish momentum.

MACD is below the signal line → likely continued downward pressure.

RSI (Relative Strength Index):

RSI(6): 24.20 → Oversold zone

A potential buy signal if price stabilizes or starts to bounce.

RSI(40) and RSI(60) are still above 50, indicating mid-to-long-term strength.

4. Moving Averages:

Price is below the short (EMA 7, 21) and medium (EMA 50) term EMAs.

This setup suggests bearish trend, unless the price breaks above EMAs again.

Strategy Ideas:

Short-Term Trade (Scalping / Intraday):

Buy Zone: Near $3.27 support (watch for a bounce)

Target 1: $3.49 (EMA 7)

Target 2: $3.51 (EMA 21)

Stop-loss: $3.25 or below recent low

Swing Trade:

Wait for confirmation (bullish candle, volume drop on red bars)

Buy on breakout above $3.51 with target toward $3.69 - $3.87

Tight stop-loss under support

Conclusion:

The price is in a bearish phase, but the RSI indicates it might be oversold, which could present a short-term rebound opportunity. Trade carefully with tight stop-losses and look for confirmation before entry.

Would you like help setting up an entry/exit plan or alerts for SUI/USDT?