After a solid momentum, $SUI is currently priced at $3.9803, marking a +6.21% on the day. The price action is right at the door of the psychological resistance of $4.00, backed by significant volume and strong buying pressure. A decisive move seems imminent! 🚀
Key Levels to Watch:
Critical Resistance: $4.00 - $4.09 🔑
A convincing breakout from this zone could open the doors to the next bullish targets:
* First Target (TP1): $4.18 🎯
* Second Target (TP2): $4.36 🎯
Important Support: $3.95 - $3.88🛡️
Losing this level could signal a pullback towards:
* First Target (TP1): $3.79 🎯
* Second Target (TP2): $3.68 🎯
Trading Strategies - Watch for the Breakout:
* Bullish Entry (Potential Breakout): Confirmed and sustained breakout above $4.00 with a notable increase in volume.
* Targets: $4.18 and $4.36
* Stop-Loss: Place below $3.95 to manage risk.
* Bearish Entry (Possible Cooling): Breakdown below the support at $3.88.
* Targets: $3.79 and $3.68
* Stop-Loss: Place above $4.00 to protect the position.
Bulls are showing strength, but the $4.00 barrier is crucial. The next move of $SUI could be explosive. Will it be a breakout or a breather before the next play? Stay tuned! 📈
#TradeIdeas #Cryptocurrencies #SUI #TechnicalAnalysis #Opportunity
