💥$SUI /USDT Resistance at 3.4942 USDT—Breakout or Rejection?🔥
🌟Current Price: 3.4487 USDT (+2.96%)
🌟24-Hour High: 3.4942 USDT (Resistance Zone).
🌟24-Hour Low: 3.2067 USDT (Key Support).
Trading Volume (24H):
🌟SUI: 76.34M
🌟USDT: 255.63M
$SUI is testing its resistance zone, showing strong trading momentum after bouncing from support.
⚡Technical Indicators 🔎
🔸Bollinger Bands: Expanding—volatility rising, supporting breakout setups.
🔸RSI: Nearing overbought—momentum remains strong, but caution needed.
🔸MACD: Positive divergence confirms bullish bias, favoring continuation.
🔸Moving Averages (MA & EMA):
Short-term trend remains bullish, with resistance validation needed.
⚡Trade Setups 📝
🎖️Bullish Scenario
Type: Breakout Continuation
👉Entry Point: Above 3.4500 USDT (validated by strong buying volume).
👇Take-Profit Targets:
🎯TP1 (1:1): 3.4750 USDT
🎯TP2 (1:2): 3.5000 USDT
💢Stop Loss: Below 3.4200 USDT
🎖️Bearish Scenario
Type: Pullback Trade
👉Entry Point: Below 3.4200 USDT (confirmed rejection at resistance).
👇Take-Profit Targets:
🎯TP1 (1:1): 3.3950 USDT
🎯TP2 (1:2): 3.3700 USDT
💢Stop Loss: Above 3.4500 USDT
⚡Risk Management Strategy ⚠️
Move Stop Loss to Breakeven after hitting TP1 in either setup.
Secure Partial Profits (50%) at TP1 levels for safer trade execution.
⚡Key Observations ✍️
1. Validate breakout/pullback moves with volume confirmation to avoid false signals.
2. Monitor the 3.4942 USDT resistance zone—breaking this could unlock extended upside moves.
3. Stick to disciplined entries/exits and proper risk management strategies to navigate current market conditions.
👉Buy Or Trade With Me On $SUI
