📊 Technical Analysis: SUI/USDT – Rally or Bull Trap?
SUI/USDT is trading at $3.15, up +3%, after rebounding from a low of $2.84. While the bounce looks promising, price is still below the MA(7) at $3.20 and MA(25) at $3.58 — potential resistance zones. RSI(6) is at 41, showing no confirmation of trend reversal yet.
🔁 DCA Strategy (Dollar-Cost Averaging)
For believers in the project looking for smart accumulation:
💸 Suggested zones:
✅️$3.10
✅️$2.90
✅️$2.65
Goal: Average down entry price for a potential mid- to long-term rally above $4.00.
📈 Swing Trade Setup
🟢 Long Entry: $3.15
🎯 Target 1: $3.44 (50-day SMA)
🎯 Target 2: $3.75 (previous resistance zone)
⛔️ Stop-loss: $2.84
🔴 Short Entry: $3.40 (if rejected at EMA20)
🎯 Target: $2.86
⛔️ Stop-loss: $3.60
📌 Summary:
$2.84 held as key support
Increasing volume may confirm bounce
Price needs to flip moving averages for continuation
⚠️ Disclaimer:
This post is for educational purposes only and is not investment advice. Always do your own research before trading.
