🚀 $SUI Technical Analysis June 05, 2025: PRICE STANDS AT $3.1834 WITH CAUTIOUS OUTLOOK ⚠️

📊 Market Insight
• Current Price: 3.1834 USDT
• Moving Averages (MAs) indicate a bearish trend.
• Volume has dropped significantly, indicating reduced trading activity and possibly lower momentum.
• MACD shows a neutral-to-bearish signal.
• RSI values are in neutral territory.

📊 Important Levels to Watch
🔼 Resistance Levels:
3.2133 (MA(25))
3.2697 (MA(99))
3.3911
🔽 Support Levels:
3.1391
3.1265 (next significant support on the chart)
3.0000 (psychological support)

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $3.2133
☑️ Entry Point: $3.2200 (enter if price breaks above 3.2133 with bullish momentum confirmation)
🎯 Price Target:
TP1: $3.2697
TP2: $3.3911
🛑 Stop Loss: $3.1900 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 3.2133, an increase in volume, RSI(6) rising above 50, and a MACD bullish crossover with DIF moving above DEA.

🐻 Bearish Trade Setup: Breakdown below $3.1391
☑️ Entry Point: $3.1300 (enter if price breaks below 3.1391 with bearish momentum confirmation)
🎯 Price Target:
TP1: $3.1265
TP2: $3.0000
🛑 Stop Loss (SL): $3.1500 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 3.1391, sustained high volume, RSI(6) falling below 40, and the MACD showing a continued bearish trend with DIF dropping further below DEA.

📌 Suggestion to Open Positions Today:
The RSI in neutral territory suggests a lack of strong momentum in either direction, while the low volume indicates reduced market participation. Traders should adopt a conservative approach, waiting for a clear breakout above $3.2133 for a bullish setup or a breakdown below $3.1391 for a bearish move. Given the current market conditions, monitor volume closely for signs of increased activity and use tight stop losses to manage risk effectively in this uncertain environment.

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