🚀 $SUI Technical Analysis June 07, 2025: PRICE STANDS AT $3.2792 WITH BULLISH MOMENTUM 📈

📊 Market Insight
• Current Price: 3.2792 USDT
• Moving Averages (MAs) indicate a bullish trend.
• Volume has spiked significantly, reflecting strong market activity.
• MACD shows a bullish signal.
• RSI values are in overbought territory.

📊 Important Levels to Watch
🔼 Resistance Levels:
3.3156 (recent high)
3.2932 (previous peak)
3.4000 (psychological resistance)
🔽 Support Levels:
3.1088 (24h low)
2.8467 (significant support from prior drop)
2.8243 (next significant support)

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $3.3156
☑️ Entry Point: $3.3200 (enter if price breaks above 3.3156 with bullish momentum confirmation)
🎯 Price Target:
TP1: $3.4000
TP2: $3.5000
🛑 Stop Loss: $3.3000 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 3.3156, an increase in volume, RSI(6) remaining above 70, and a MACD bullish crossover with DIF continuing to rise above DEA.
🐻 Bearish Trade Setup: Breakdown below $3.1088
☑️ Entry Point: $3.1050 (enter if price breaks below 3.1088 with bearish momentum confirmation)
🎯 Price Target
TP1: $2.8467
TP2: $2.8243
🛑 Stop Loss (SL): $3.1200 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 3.1088, sustained high volume, RSI(6) falling below 30 (into oversold territory), and the MACD showing a bearish trend with DIF dropping below DEA.

📌 Suggestion to Open Positions Today:
With strong bullish momentum indicated by the MACD and significant volume increase, suggests a continuation of the upward trend. However, the RSI entering overbought territory warrants caution for a potential short-term pullback. Traders should consider a breakout above $3.3156 for a bullish setup, targeting $3.4000, or a breakdown below $3.1088 for a bearish move. Use tight stop losses to manage risk in this high-momentum environment.

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