💥$SUI /USDT: Testing 4.2989 USDT Resistance—Will Bulls Extend Rally?🔥
$SUI is approaching its major resistance level at 4.2989 USDT, maintaining strong upward momentum after bouncing off 3.8902 USDT support.
🌟Current Price: 4.1429 USDT (+3.48%)
🌟24-Hour High: 4.2989 USDT (Resistance Zone)
🌟24-Hour Low: 3.8902 USDT (Key Support)
⚡Technical Indicators 🔎
🔸Bollinger Bands: Expanding—volatility increasing, favoring further movement.
🔸RSI: Near overbought—momentum strong, but watch for possible pullback.
🔸MACD: Bullish divergence intact—trend continuation likely.
🔸Moving Averages (MA & EMA):
Short-term trend remains bullish, confirmation needed above 4.2989 USDT.
⚡Trade Setups 📝
🎖️Bullish Scenario
Type: Breakout Continuation
👉Entry Point: Above 4.1500 USDT (validated by strong buying volume).
👇Take-Profit Targets:
🎯TP1 (1:1): 4.2500 USDT
🎯TP2 (1:2): 4.3000 USDT
💢Stop Loss: Below 4.1000 USDT
🎖️Bearish Scenario
Type: Pullback Trade
👉Entry Point: Below 4.1000 USDT (confirmed rejection at resistance).
👇Take-Profit Targets:
🎯TP1 (1:1): 4.0500 USDT
🎯TP2 (1:2): 3.9900 USDT
💢Stop Loss: Above 4.1500 USDT
⚡Risk Management Strategy ⚠️
Move Stop Loss to Breakeven after hitting TP1 in either setup.
Secure Partial Profits (~50%) at TP1 levels to optimize trade execution.
⚡Key Observations ✍️
1. Watch for volume confirmation before entering breakout or pullback setups.
2. Breaking above 4.2989 USDT resistance could unlock extended bullish moves.
3. Monitor RSI levels—overbought conditions might trigger corrections.
👉Buy Or Trade With Me On $SUI