Current situation:
- Price: $3.66 (+3.41% in a day).
- Key levels:
- Support: $3.40 (minimum for 24 hours).
- Resistance: $3.70 (maximum for 24 hours).
- Indicators:
- EMA(50) > EMA(200) — upward trend.
- RSI(14) = 67 — close to overbought zone, but still potential for growth.
- MACD positive — signal to buy.
Strategy:
1. Buy (long):
- Entry: $3.55–3.60 (support zone + EMA 50/200).
- Stop-loss: $3.40 (protection against reversal).
- Targets:
- $3.80 (first target).
- $4.00 (second target with strong momentum).
2. Sell (short, be careful!):
- If the price does not break $3.70 and RSI > 70, a short position can be opened.
- Target for short: $3.50.
3. Risk management:
- Risk no more than 2% of the deposit per trade.
- Take profit in parts: 50% at the first target, the rest — based on the situation.
What is important to consider?
- High trading volume (90M USDC in 24h) confirms interest in the pair.
- Follow the news about SUI — fundamental factors may strengthen the movement.
📌 Important!
This is an educational example, not an investment recommendation. Trade consciously, check all signals.
🔥 What do you think? Will SUI rise to $4 or turn around? Write in the comments! 👇
