Correction that precedes a rise is a lateral of decline, Correction that precedes a decline is a lateral of rise.
It may seem controversial but these are the patterns!!!
Hammad Hassan Siddiqui
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Bearish
As of May 4, 2025, Sui ($SUI ) is trading at approximately 3.25, experiencing a decline of 3.85
Market Overview:
- Current Price:3.25
- 24h High / Low: 3.38 /3.16
- 24h Change: -3.85%
- Market Sentiment: Bearish
- Fear & Greed Index: 20 (Extreme Fear)
Technical Analysis:
- Support Levels: 2.20,2.10, 1.94
- Resistance Levels:2.46, 2.62,2.72
- Indicators: The Relative Strength Index (RSI) is at 35.56, indicating neutral momentum. The Moving Average Convergence Divergence (MACD) is currently neutral, suggesting a lack of strong momentum in either direction.
Market Sentiment:
The market sentiment is currently bearish, with the Fear & Greed Index at 20, indicating extreme fear among investors. This sentiment suggests caution, as the market may experience further consolidation or potential downside pressure.
Trading Plan:
- Short-Term Strategy: Monitor the 2.20 -2.72 range closely. A break below this range could signal further downside, while a rebound may present a buying opportunity.
- Long-Term Outlook: If SUI maintains support above the 2.20 range and breaks above the2.72 resistance level, it could indicate a bullish trend continuation. Traders may consider entering long positions upon confirmation of this breakout.
Market Overview:
- Current Price:3.25
- 24h High / Low: 3.38 /3.16
- 24h Change: -3.85%
- Market Sentiment: Bearish
- Fear & Greed Index: 20 (Extreme Fear)
Technical Analysis:
- Support Levels: 2.20,2.10, 1.94
- Resistance Levels:2.46, 2.62,2.72
- Indicators: The Relative Strength Index (RSI) is at 35.56, indicating neutral momentum. The Moving Average Convergence Divergence (MACD) is currently neutral, suggesting a lack of strong momentum in either direction.
Market Sentiment:
The market sentiment is currently bearish, with the Fear & Greed Index at 20, indicating extreme fear among investors. This sentiment suggests caution, as the market may experience further consolidation or potential downside pressure.
Trading Plan:
- Short-Term Strategy: Monitor the 2.20 -2.72 range closely. A break below this range could signal further downside, while a rebound may present a buying opportunity.
- Long-Term Outlook: If SUI maintains support above the 2.20 range and breaks above the2.72 resistance level, it could indicate a bullish trend continuation. Traders may consider entering long positions upon confirmation of this breakout.
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