1. Current situation
- Price: $3.9145 (+17.52% over the last period).
- 24h range: $3.2333 (minimum) – $3.9338 (maximum).
- Volumes:
- 133.05 million SUI
- 479.64 million USDT
- High trading volume indicates strong interest in the pair.
2. Key indicators
- RSI(6): 85.08 – Strongly overbought zone (risk of correction).
- MACD:
- DIF: 0.1238
- DEA: 0.1002
- MACD: 0.0236 (positive but weak).
- Price above MA/EMA – Uptrend, but RSI warns of overheating.
3. Support and resistance levels
- Support:
- $3.7955
- $3.6164
- $3.4374
- Resistance:
- $3.9338 (max 24h)
- $3.9745 (nearest selling level).
4. Trading plan
Scenario 1: Correction (likely due to RSI > 85)
- Target for entering long: Around $3.6164–$3.7955 (support zone).
- Stop-loss: Below $3.4374.
- Take-profit: $3.9338–$3.9745.
Scenario 2: Breakthrough resistance
- If the price consolidates above $3.9338 with volume, consider a short-term long up to $4.00.
- Stop-loss: $3.8500.
Scenario 3: Sharp pullback
- If the price falls below $3.4374, a trend reversal is possible.
5. Risk management
- Do not risk more than 1-2% of capital on a trade.
- Consider high volatility (24.86% over 90 days).
6. Additional factors
- Monitor the volumes: a decrease in volume with an increase in price is a signal for caution.
- Monitor the overall market (BTC/USDT, market news).
Summary: Today, it is preferable to look for entry points on corrections (long from support) or wait for confirmation of the breakthrough at $3.9338. Avoid FOMO due to overbought conditions (RSI 85).
This is not investment advice.
You bear all financial risks and decisions; always conduct your own analysis.