1. Current market situation
- Price: $3.30 (-0.59%)
- 24h range: $3.15 – $3.36
- Volumes:
- 268.20 million SUI
- 871.87 million USDT
- Marking price: $3.30
2. Key levels
- Support:
- $3.15 (minimum for 24h)
- $3.03 (historical level)
- $2.08 (strong support)
- Resistance:
- $3.36 (maximum for 24h)
- $3.59 (historical level)
- $3.98 (opening level)
3. Indicators
- Trend: Short bearish (-0.59%), but within the range ($3.15–$3.36).
- Volatility: Moderate (difference between max/min for 24h ~6.6%).
- Volumes: High, indicating activity.
4. Trading plan
Scenario 1: Breakout of resistance ($3.36)
- Entry: On confirmed close above $3.36.
- Target: $3.59 (+6.8%).
- Stop-loss: $3.25 (-3.3%).
Scenario 2: Bounce from support ($3.15)
- Entry: On a rebound from $3.15 with signals (e.g., volume increase).
- Target: $3.30 (+4.8%).
- Stop-loss: $3.10 (-1.6%).
Scenario 3: Breakdown of support ($3.15)
- Entry: On a close below $3.15.
- Target: $3.03 (-3.6%).
- Stop-loss: $3.20 (+1.6%).
5. Risk management
- Risk per trade: No more than 1-2% of the deposit.
- Risk/reward ratio: Minimum 1:2.
6. Additional factors
- Time: Asia/Europe — volatility possible.
- Indicators: MACD, RSI — clarify before entry.
Conclusion:
- Sideways $3.15–$3.36 — trading from the edges.
- Breakouts/bounces with confirmation — key entry points.
- Risk control is mandatory.