$SUI #SUI🔥

*SUI/USDT – 1H chart

1. Technical Overview

Current price: 3.8528 USDT

Volatility: -2.82%

Recent high: 4.2000

Recent low: 3.6589

2. Technical Indicators

Moving Average (MA):

Price is below MA25 (3.9555) and MA99 (3.8651) → Slight downtrend in the short term

MA7 (3.8469) is acting as temporary support → a short rebound may occur

MACD:

MACD < Signal and negative histogram, however, the slope is flattening → sign of decreasing selling momentum

RSI (6): 43.5

Still below the 50 area → not yet confirming an uptrend, but no longer in the oversold region

Volume: Gradually decreasing after the dump → Selling pressure is weakening, the market is waiting for the next direction

3. Suggested Trading Strategy

A. Long Trade:

Reason: RSI is slightly rebounding, MACD is narrowing, potential for a bounce

Entry: 3.82 – 3.85

TP1: 3.95 (MA25)

TP2: 4.08 (resistance near the breakdown area)

SL: 3.66 (below the recent low)

B. Short Trade:

Reason: If price is strongly rejected at MA25 or MA99 → recovery fails

Entry: 3.95 – 4.00

TP1: 3.75

TP2: 3.66

SL: 4.11

C. Spot Trading (Immediate Trading)

Note: Should trade the rebound – do not hold long until the trend is clear

Entry: 3.82 – 3.85

TP: 4.00 – 4.08

SL: 3.66