🚀 $SUI Technical Analysis May 20, 2025: BULLS FIGHT BACK AFTER SUPPORT HOLD, PRICE NEARS RESISTANCE AT $3.93 - $4.00 ZONE 🔥

📊 Market Insight
• Current Price: 3.8713 USDT
• Moving Averages (MAs) are showing a mixed trend, suggest the price is still within a consolidation zone but leaning bullish.
• Volume is increasing (1.176M), reflecting growing buying interest after the bounce.
• MACD is bearish, but the narrowing gap between DIF and DEA hints at a potential bullish crossover soon.
• RSI values are in slightly overbought territory.

📊 Important Levels to Watch
🔼 Resistance Levels:
3.9362
4.0051
🔽 Support Levels:
3.7175
3.5842
3.5631

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $3.9362
☑️ Entry Point: $3.9400 (enter if price breaks above 3.9362 with bullish momentum confirmation)
🎯 Price Target:
TP1: $4.0051
🛑 Stop Loss: $3.8713 (below the current price to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 3.9362, a spike in volume, RSI(6) staying above 70, and a MACD bullish crossover with the DIF moving above the DEA.

🐻 Bearish Trade Setup: Rejection at $3.9362
☑️ Entry Point: $3.9000 (enter if price fails to break 3.9362 and shows bearish reversal signals)
🎯 Price Target:
TP1: $3.7175
TP2: $3.5842
🛑 Stop Loss (SL): $3.9500 (above the resistance level)
⚠️ Confirmation: Watch for a bearish candle pattern (e.g., shooting star or bearish engulfing), RSI(6) dropping below 60, and the MACD maintaining or deepening its bearish trend with the DIF staying below the DEA.

📌 Suggestion to Open Positions Today:
The price has shown strength by holding above the $3.7175 support with increasing volume and a neutral-to-bullish RSI indicating potential for further upside. However, the MACD remains bearish, and the price is approaching a key resistance zone. Traders should wait for confirmation of a breakout above $3.9362 for a bullish setup or a rejection for a bearish play. Risk management is essential given the volatility.

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