* SUI/USDT 1h chart
1. OVERALL TECHNICAL ANALYSIS
Price has dropped from the nearest peak 3.6615 to the old support area 3.4041 and is trying to recover slightly.
Currently, the price is below both MA7 (3.4704), MA25 (3.5402), and MA99 (3.6239) => short-term and medium-term downtrend.
2. TECHNICAL INDICATORS
A. MA (Moving Average)
Short-term MA (MA7) is below MA25 and MA99 => clear bearish signal.
Price has not been able to break through MA7 => weak technical reaction.
B. MACD
MACD: -0.0063, below the 0 line, histogram is shrinking => downtrend slows but no reversal signal yet.
DIF (-0.0333) crosses below DEA (-0.0270) => Still a bearish signal.
C. RSI(6)
RSI touched the 30.39 area, close to oversold threshold, potential for a technical rebound if there is buying pressure.
D. Volume
Trading volume slightly increased at the bottom 3.4041 => could be accumulation behavior but not clearly confirmed.
3. TRADE SUGGESTION
A. SPOT TRADING – Technical rebound scalping
Entry: 3.42 – 3.45 (current area)
TP1: 3.50 (MA25 area)
TP2: 3.60 (near resistance)
SL: 3.39 (breaking old bottom 3.4041)
> Medium risk – should wait for more confirmation of reversal candle for a more certain entry.
B. LONG – High risk
Strategy: Only enter if a strong reversal candle is seen (Hammer, Bullish Engulfing) + RSI bounces up.
Entry: 3.43 – 3.45
TP1: 3.50
TP2: 3.58 – 3.60
SL: 3.39
> Not recommended for strong long unless confirmed by candle + large volume at the bottom.
C. SHORT – Priority if support is lost
Entry: 3.43 – 3.46 (if price does not exceed MA7 and RSI does not bounce)
TP1: 3.40
TP2: 3.35
SL: 3.48
> A safer strategy currently because the main trend is still down. Need weak price reaction at MA7 area to confirm.