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🧠 CHART SUMMARY & TECHNICAL ANALYSIS

⚙️ TIME FRAME: Likely 15m or 5m
This is a short-term intraday chart, so caution is needed when extrapolating to larger trades.
#📉 PRICE DATA
Current Price: $3.3438
24h High: $3.4524
24h Low: $3.2490
MA60: $3.3548 (current price below it → bearish)

🔍 MACD (Momentum Indicator)
DIF: -0.0029
DEA: -0.0008
MACD Histogram: -0.0022 → Bearish Momentum increasing
Histogram bars are red and expanding → Increasing downside pressure

📉 VOLUME
Recently increasing red volume bars, while price falls — confirms strong selling activity

🧩 INTERPRETATION
BEARISH INDICATORS:
Price is below MA60 and trending downward.
MACD is below the signal line with expanding red histogram bars.
Volume confirms the downtrend, as selling activity is accelerating.
This suggests a strong short opportunity in the immediate term unless significant buying volume reverses it.

🎯 TRADING PLAN

🟥 Plan A: AGGRESSIVE SHORT ENTRY (High Risk-Reward)
Entry: $3.34 (Current Price)
Stop Loss: $3.37 (Above MA60 & local resistance)
Take Profit 1: $3.26 (First support zone)
Take Profit 2: $3.21 (Deeper liquidity area / support from past data)
Risk-Reward Ratio: ~1:2.5

📌 JUSTIFICATION:
Clear bearish momentum
Downside confirmation from MACD and price trend

🟨 Plan B: CONSERVATIVE SHORT ENTRY (Wait for Breakdown Confirmation)

Entry: Below $3.30 (if price breaks down from current range)
Stop Loss: $3.34
Take Profit: $3.21
Risk-Reward Ratio: ~1:3

📌 JUSTIFICATION:
Avoids potential fakeout bounce near current price
Waits for clean breakdown confirmation

🟩 Plan C: REVERSAL LONG SETUP (If bullish signal appears)
Entry: $3.37 (if price reclaims MA60 with volume support)
Stop Loss: $3.33
Take Profit 1: $3.44 (24h High)
Take Profit 2: $3.50 (next psychological resistance)

📌 JUSTIFICATION:
Requires MACD crossover and green volume breakout

Only enter on confirmation, not speculation

🟦 Plan D: No-Trade Zone
If price consolidates between $3.32 and $3.36 with low volume, do nothing.

🛡️ RISK MANAGEMENT
Max risk per trade: 1–2% of capital
Always set stop-loss in system, especially for large positions
Monitor MACD and volume for divergences

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$SUI