Is $SUI preparing for a new launch? Here is a quick technical analysis and smart trading strategy
Current price: 3.9068 USDT
Change percentage: +2.50%
Highest price in 24 hours: 3.9536
Lowest price: 3.7974
Quick technical analysis:
RSI (6) = 57.20: Moderate momentum that has not reached overbought areas, allowing room for further upward movement.
Bollinger Bands: The price is moving near the upper average, indicating the possibility of a bullish breakout if supported by volume.
MACD: Still negative but very close to a bullish crossover, an early signal for investors to enter.
Trading strategy (Breakout + Confirmation):
1. Entry point:
Wait for a 1-hour candle close above 4.00 USDT with high trading volumes.
2. Take profit targets (TP):
First target: 4.15 USDT
Second target: 4.31 USDT (the upper Bollinger)
3. Stop loss (SL):
Below the level of 3.75 USDT (currently strong support)
Professional tips:
Do not enter in a moment of rush only, avoid FOMO, and watch for real confirmations on smaller timeframes.
Upcoming positive MACD crossover = golden opportunity if coinciding with a resistance breakout.
