$SUI
Market Overview
Current Price: $3.5974
24h High/Low: $3.6500 / $3.2333
Trend: Strong bullish momentum followed by a mild consolidation/correction.
MACD: Bearish crossover just occurred.
RSI (6): ~58 — showing neutral to slight overbought bias.
Volume: Peaked during the breakout but declining, indicating cooling momentum.
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Trade Plan
Trade Type: Short-Term Long (Scalp/Intraday)
Entry Point:
$3.55–$3.58
Wait for a slight pullback near the previous consolidation level or MA(5) support. This gives a better risk-reward ratio, buying the dip.
Stop Loss:
$3.48
Just below the last minor support and MA(10). If price drops below this, the bullish momentum is likely fading.
Take Profit (TP):
TP1: $3.65 — Retest of recent high.
TP2: $3.70 — Psychological round level; small resistance zone from wick.
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Reasons
Price Action: Strong bullish candle sequence with slight correction — suggests continuation after pullback.
MACD: Turning bearish — a short-term pullback expected, hence buy the dip.
RSI: Not overbought, room for more upside.
Volume: Slightly lower — suggesting healthy correction rather than reversal
