🚀 $SUI Technical Analysis May 24, 2025: PRICE TESTING SUPPORT NEAR $3.5293, SHOWING BEARISH MOMENTUM ⚠️

📊 Market Insight
• Current Price: 3.6710 USDT
• Moving Averages (MAs) are showing a bearish trend, indicating continued downward pressure.
• Volume has decreased recently, suggesting reduced market participation after a spike, potentially indicating profit-taking or lack of buying interest.
• MACD is bearish.
• RSI values are in the neutral zone, indicating neither overbought nor oversold conditions, with room for further movement in either direction.

📊 Important Levels to Watch
🔼 Resistance Levels:
3.9876
4.2336
🔽 Support Levels:
3.5293
3.4957

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $3.9876
☑️ Entry Point: $3.9900 (enter if price breaks above 3.9876 with bullish momentum confirmation)
🎯 Price Target:
TP1: $4.2336
🛑 Stop Loss: $3.6500 (below the current support to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 3.9876, a spike in volume, RSI(6) rising above 70, and a MACD bullish crossover with the DIF moving above the DEA.

🐻 Bearish Trade Setup: Breakdown below $3.5293
☑️ Entry Point: $3.5200 (enter if price breaks below 3.5293 with bearish momentum confirmation)
🎯 Price Target:
TP1: $3.4957
🛑 Stop Loss (SL): $3.6500 (above the support level)
⚠️ Confirmation: Watch for a strong bearish candle close below 3.5293, a drop in volume, RSI(6) falling below 30, and the MACD deepening its bearish trend with the DIF dropping further below the DEA.

📌 Suggestion to Open Positions Today:
The bearish MACD, declining MAs, and recent price drop suggest potential for further downside, though the neutral RSI indicates the asset is not yet oversold. Traders should wait for a clear breakdown below $3.5293 for a bearish setup or a recovery above $3.9876 for a bullish move. Given the current low volume and bearish indicators, strict risk management with stop losses is essential.

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