1. Analysis of the current situation
- Price: $3.86 (+5.04% over the last period), indicating an upward trend.
- 24h range: $3.5842 (minimum) — $3.9362 (maximum). The current price is closer to the upper boundary, which may signal a possible correction.
- Volumes: High (75.20 million SUI and 284.10 million USDT), confirming market activity.
2. Indicators
- MACD:
- DIF (-0.0106) is above DEA (-0.0208), which may indicate a possible start of an upward movement.
- MACD (0.0102) is in the positive zone, but the value is small — confirmation is needed.
- RSI(14): 52.37 — neutral zone, no overbought or oversold.
- EMA(50): Current price ($3.8639) is above EMA(50) (3.8225), supporting an uptrend.
3. Safe strategy
Approach: Conservative, with an emphasis on risk minimization.
Conditions for entering a buy (Long):
- The price retraces to support (for example, to EMA(50) — $3.8225 or the level of $3.79–3.82) with confirmation of the bounce.
- RSI(14) remains above 50 but does not enter the overbought zone (>70).
- MACD maintains a positive histogram (DIF > DEA).
Entry points:
- Buy: In the zone of $3.79–3.82 with a stop-loss below $3.6742 (local minimum).
- Take-profit target: $3.9362 (maximum of 24h) or $4.02 (next resistance level).
Conditions for selling (Short):
- If the price tests $3.9362 and bounces down with high volume.
- RSI(14) > 70 (overbought) + MACD shows slowing growth (convergence of lines).
- Stop-loss: above $3.9362, target: $3.79–3.82.
Risk management:
- Use a stop-loss of no more than 1-2% of the deposit per trade.
- Risk/reward ratio: at least 1:2 (for example, risk $10 — target $20).
- Avoid trading during moments of low liquidity.
4. Additional recommendations
- Monitor volumes: An increase in volume upon breaking the level confirms the strength of the movement.
- Consider the overall market context (for example, the movement of BTC/USDT, which often influences altcoins).
- Use limit orders instead of market orders for precise entry.
Example trade:
- Buy on a pullback to $3.82, stop-loss $3.67, target $3.93.
- If the price reaches $3.93, it’s possible to take part of the profit (50%) and move the stop-loss to breakeven.
Important: This strategy is based on current data. Always update the analysis before entering a trade and adapt to market changes.