🚀 $SUI Technical Analysis May 13, 2025: BEARS IN CONTROL, TESTING SUPPORT NEAR $3.80 🔥

📊 Market Insight
• Current Price: 3.8748 USDT
• Moving Averages (MAs): The MAs are converging, which may signal a consolidation phase ahead.
• Volume: 211,648.7 is relatively low, indicating reduced trading activity and possibly profit-taking or indecision.
• MACD: The negative values and the DIF below the DEA confirm bearish momentum, though the narrowing gap hints at a potential slowdown in selling pressure.
• RSI:
RSI(6): 30.3333
RSI(12): 37.6362
RSI(24): 43.4152
RSI values are in oversold territory.

📊 Important Levels to Watch
🔼 Resistance Levels:

3.9866

4.1061

4.2999
🔽 Support Levels:

3.8080
3.6714

3.5617

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Reversal at $3.8748
☑️ Entry Point: $3.90 (enter if price breaks above 3.8748 with increased volume and bullish confirmation)
🎯 Price Target:
TP1: $3.9866
TP2: $4.1061
🛑 Stop Loss: $3.8080 (below recent support to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 3.8748, a spike in volume, RSI(6) rising above 40, and a MACD bullish crossover where the DIF moves above the DEA.

🐻 Bearish Trade Setup: Breakdown below $3.8748
☑️ Entry Point: $3.85 (enter if price breaks below 3.8748 with increased volume and bearish confirmation)
🎯 Price Target:
TP1: $3.8080
TP2: $3.6714
🛑 Stop Loss (SL): $3.90 (above the recent swing high)
⚠️ Confirmation: Watch for a bearish candle pattern (e.g., bearish engulfing), RSI(6) dropping further below 30, and a continued MACD bearish trend with the DIF pulling further below the DEA.

📌 Suggestion to Open Positions Today: The RSI is in oversold territory, and the MACD indicates bearish momentum is slowing, suggesting a potential reversal or consolidation. Traders should exercise caution. Given the low volume, patience is recommended until a clearer trend emerges.

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