$SUI
. Here's a quick analysis based on the SUI/USDT 4-hour chart:
Key Technical Points:
1. Current Price: $3.4681, showing a slight upward movement (+1.84%).
2. Resistance Level: Around $3.5115 — price has rejected near this point.
3. Support Level: $3.2721 — strong wick bounce suggests demand.
4. Moving Averages:
EMA(21): $3.5100 (above current price, acting as resistance).
EMA(50): $3.3256 (below current price, acting as support).
5. MACD: Slightly bearish (MACD: -0.0305) — potential weakness in momentum.
6. Volume: Recently high, indicating increased trader interest.
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Suggested Strategy (Short-Term Trading):
Scenario A – Bullish Breakout:
Entry: Above $3.52 (once it clearly breaks above resistance).
Target: $3.70–$3.90 range.
Stop-Loss: Below $3.46 (just under breakout point).
Scenario B – Pullback Buy:
Entry: Near $3.30–$3.32 (EMA 50 support).
Target: $3.50+
Stop-Loss: Below $3.27
Scenario C – Breakdown (Shorting):
Entry: Below $3.27 (if it breaks the key support).
Target: $3.15–$2.99
Stop-Loss: Above $3.32
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Would you prefer a short-term trading plan or a longer-term investment strategy for SUI?