Analysis $SUI

SUI is showing bullish momentum with a steady uptrend formation, maintaining position above key EMAs. Price action suggests accumulation phase with decreasing volatility, while maintaining healthy volume profiles. Market structure remains constructive with higher lows established.

Current price action shows SUI consolidating above the pivot point ($3.98), with immediate resistance at $4.12. RSI at 63.79 indicates strong momentum without being overbought, while positive MACD crossover (0.349 > 0.323) confirms bullish sentiment. The narrow BB width (6.81%) suggests a potential volatility expansion ahead.

Key technical aspects:

• Price holding above 20EMA and 50EMA

• ADX at 40.7 indicates strong trend strength

• DMI spread (12.9/5.4) confirms bullish bias

• Volume profile healthy but slightly declining (0.87x ratio)

Trade Setup:

Long opportunity presents above $4.12 (R1) with targets at $4.23 (R2). Conservative entries on pullbacks to $3.98 (Pivot). Stop losses below $3.87 (S1) recommended.

Risk Management:

• Primary stop loss: $3.87

• Aggressive stop: $3.73

• Position sizing: 2-3% max exposure

• Risk:Reward minimum 1:2

Low overall risk rating (3/10) suggests favorable trading conditions, but maintain strict risk management due to moderate liquidity concerns (4/10).

💡 Action:

Watch for breakout above $4.12 for momentum continuation. Alternative entry on pullbacks to $3.98 with tight stops. Current setup favors swing trading over scalping due to volatility profile

good news #BullishMomentum