$SUI
SUI/USDT – Is this correction a buying opportunity?
The currency $SUI is currently trading at 3.93 after a drop from the recent peak of 4.29, and it seems to be approaching a strong support area with oversold conditions on the indicators.
Quick Technical Overview:
RSI (6) at 26 → Clear oversold condition.
Price near the lower Bollinger Band.
A slowdown in selling momentum is starting to appear according to MACD.
Proposed Entry Opportunity:
Entry: Between 3.90 – 3.93
Stop Loss: Below 3.87
First Target: 4.05
Second Target: 4.15
Short-term speculative opportunity, provided it holds above 3.90 and a confirmation candle appears on the smaller timeframe.
Do you see SUI really preparing to bounce back? Or more correction ahead? Share your opinion with me!
