$SUI #SUI🔥

* SUI/USDT (1H chart)

1. OVERVIEW

Current price: 3.6362 USDT

24h drop: -7.05%

24h low: 3.5310 (tested and slightly bounced)

MA(7): 3.6290 – currently a short-term resistance

MA(25): 3.7353 – medium-term resistance

MA(99): 3.8594 – long-term trend is declining

2. INDICATOR ANALYSIS

MACD:

MACD line and signal line are both negative and parallel => The downtrend is still maintained.

Histogram is shrinking => sign of weakening downward momentum but no clear upward divergence yet.

RSI(6): 44.1

Close to the oversold zone but no confirmation of reversal yet.

Low RSI + price is accumulating below MA => no strong buy signal.

Volume:

Volume is gradually decreasing => the market is waiting, a potential next breakout may occur.

3. TRADING STRATEGY

A. SHORT (priority - trend following):

Entry: 3.66 - 3.70 (near MA7, MA25, resistance)

TP1: 3.53 (previous 24h low)

TP2: 3.40 (next psychological support)

SL: 3.76 (above MA25)

B. LONG (high risk - needs confirmation of divergence or reversal candle):

Entry: 3.53 - 3.55 (support bottom zone)

TP1: 3.66

TP2: 3.75

SL: 3.48 (break below the bottom)

> Should only enter LONG if RSI shows clear upward divergence and MACD crosses up.

C. TRADE NOW:

Should not buy right now, as the main trend is down.

Safe buying strategy: When the price exceeds 3.76 and holds above MA25 with increased volume.

SL: 3.50

TP: 3.95 - 4.10 if MA99 breakout is successful.

4. CONCLUSION

Main trend: Down

Main recommendation: Prioritize Short around MA7/MA25, short SL, expect to reach previous lows.

Long/Trade now: Only consider if strong reversal signals appear (RSI divergence, positive MACD crossover, increased volume).