🚀 $SUI Technical Analysis May 15, 2025: BEARS DOMINATE, PRICE NEAR SUPPORT AT $3.8837 📉
📊 Market Insight • Current Price: 3.8837 USDT • Moving Averages (MAs) is indicating a bearish short-term trend. The price is approaching the MA(99), which may serve as a potential support level. • Volume is moderate at 118,722.3, showing steady activity but no significant surge, suggesting cautious market sentiment. • MACD is negative, with the DIF at -0.0226 below the DEA at -0.0199, confirming bearish momentum. • RSI values are in the neutral to oversold territory, indicating the asset may be nearing a potential reversal point if buying interest returns.
📊 Important Levels to Watch 🔼 Resistance Levels: 3.9069 4.1203 4.4070 🔽 Support Levels: 3.8080 3.7923 3.6364
💡 TRADE PLANS: 🐂 Bullish Trade Setup: Reversal above $3.9069 ☑️ Entry Point: $3.9200 (enter if price breaks above 3.9069 with confirmation of bullish momentum) 🎯 Price Target: TP1: $4.1203 TP2: $4.4070 🛑 Stop Loss: $3.8800 (below the current price to manage risk) ⚠️ Confirmation: Look for a strong bullish candle close above 3.9069, a spike in volume, RSI(6) rising above 50, and the MACD showing a bullish crossover with the DIF moving above the DEA.
🐻 Bearish Trade Setup: Continuation below $3.8837 ☑️ Entry Point: $3.8700 (enter if price breaks below 3.8837 with increased volume and bearish confirmation) 🎯 Price Target: TP1: $3.8080 TP2: $3.6364 🛑 Stop Loss (SL): $3.9200 (above recent resistance) ⚠️ Confirmation: Watch for a bearish candle pattern (e.g., bearish engulfing), RSI(6) dropping below 40, and a MACD maintaining its bearish trend with the DIF staying below the DEA.
📌 Suggestion to Open Positions Today: Consider waiting for a clear break above $3.9069 with bullish confirmation for a long position, or enter a short position if the price breaks below $3.8837 with increased bearish momentum. Tight risk management is advised due to the current bearish trend and proximity to support levels.
