$SUI is soaring!
Professional futures trading strategy on #SUI/USDT.
Current technical analysis – 4-hour timeframe:
Current price: $3.5145 (+3.33%)
Bollinger Bands: price at the upper edge (3.57) ➤ possibility of a new breakout coming
RSI(6): 75.22 ➤ overbought but supported by strong momentum
MACD: continuous and positive upward crossover
Candles: formation of bullish candles consistently above the averages supports the continuation of positive movement
Proposed futures strategy on SUI:
🔸 Trade type: Long
🔸 Suggested entry point at minor correction: 3.45 – 3.50
🔸 First target: 3.74
🔸 Second target (extended breakout): 3.95
🔸 Stop loss: clear break below 3.28
🔸 Risk-reward ratio R:R: 1:2.3 excellent
Why is this trade promising?
Consistent upward trend since breaking the 2.84$ zone
MA5 and MA10 averages at a strong upward angle
Huge trading volume supports continuity
MACD supports upward push and RSI confirms current momentum