Analyzing the SUI/USDT (Perp.) chart on the daily timeframe (1D) of Binance.
📉 1. Current Situation
✅ Current price: $3.6985
Recent high: $3.7442
Recent support: $3.14
Important previous low: $1.7166
Previous high (strong resistance): $5.3699
📊 2. Technical Indicators
📍 RSI (Relative Strength Index):
RSI(6): 49.87
RSI(12): 51.82
RSI(24): 55.41
➡️ All RSIs are close to or slightly above 50, indicating a neutral to slightly optimistic zone. This suggests a possible consolidation or slight uptrend.
🟠 MACD:
DIF: 0.0749
DEA: 0.1426
MACD: -0.0677
➡️ The MACD is negative, but close to the zero line. This suggests that the downtrend is weakening, and we may be close to a bullish crossover (buy signal).
🔶 Moving Averages (MA5 and MA10):
MA(5): 190M
MA(10): 301M
➡️ The MA(5) is below the MA(10) and approaching, which may indicate a possible bullish crossover soon.
🔍 3. Volume
Robust daily volume (103M), which sustains adequate liquidity for futures trading.
🧭 4. Futures Entry Strategy (Scalping/Swing)
📈 Short-term trend: Uptrend with lateral correction
After a strong recovery from the bottom of $1.7166 to $3.94, the price is consolidating in the range of $3.57 to $3.74.
✅ Position Recommendations
Current scenario: Lateral with bullish bias
📌 Long Entry (Buy) — Conditions:
Confirm breakout of $3.75 with a strong candle and volume above average.
Primary target: $4.14
Secondary target: $4.75
Stop-loss: $3.57 (recent low)
📌 Short Entry (Sell) — Conditions:
If the support of $3.57 is broken strongly, this indicates a return of selling pressure.
Primary target: $3.14
Secondary target: $2.33
Stop-loss: $3.75 (last resistance)
🛑 Attention to Risk Management
Use moderate leverage (3x to 5x) to avoid compromising capital.
Set automatic stop-loss and take-profit.
📌 Final Summary – Ideal Position Now
Current situation: Consolidation with a slight bullish bias.
Best position now: Wait for a breakout of $3.75 to go long.
If the price drops below $3.57 strongly, consider a short position.