📊 Market Overview
Sui (SUI) is currently trading at $4.07 USD, with a daily high of $4.25 USD and a low of $3.90 USD.
In the past week, SUI has increased by about 22%, showing a significant recovery after hitting a bottom in early May.
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📈 Technical Analysis
• Nearby resistance: $4.30 – $4.50
• Strong support: $3.80 – $3.60
• RSI (14): Neutral level, indicating the market is not overbought or oversold.
• MACD: The MACD line crosses above the signal line, buy signal.
• ADX: Increasing, indicating that the current trend is strengthening.
The daily chart shows SUI is in an uptrend, with a “Bullish Pennant” pattern indicating the potential for further price increases.
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📰 Featured News
• Price prediction: Some analysts predict SUI could reach $5.21 next week if the uptrend continues.
• Interest from large investors: SUI has attracted attention from large investors, with strong trading volume in recent days.
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📊 Trading Strategy
Scenario 1 – Open Long Position
• Reason for entry: Price surpasses resistance level of $4.30 with strong trading volume, confirming an uptrend.
• Entry zone: $4.00 – $4.10
• Stop loss (SL): $3.80 (Below the nearest support)
• Take profit (TP): $4.50 – $4.70
• Success probability: 65% (Based on technical signals and strong capital inflow)
Scenario 2 – Open Short Position
• Reason for entry: Price cannot maintain above $4.30 and shows signs of a bearish reversal.
• Entry zone: $4.30 – $4.40
• Stop loss (SL): $4.50 (Above the nearest resistance)
• Take profit (TP): $4.00 – $3.80
• Success probability: 55% (Based on the possibility of a correction after strong gains)
Note: The market is in an excited state; tight risk management is needed and closely monitor technical signals.
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🔗 Trade SUI
Trade now on Binance: Trade SUI