$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