📊 Technical Analysis — SUI/USDT
Current Price: $3.0662 (+2.36%)
Current Trend: Bearish / in correction
🧭 Indicators:
✅️EMA(7): $3.2061
✅️EMA(25): $3.3414
✅️EMA(99): $3.2288
📉 Short- and mid-term EMAs are below the long-term EMA, reinforcing the downtrend. Price is trading below all three EMAs with no clear reversal signal yet.
RSI (6): 33.35
🟡 Slightly oversold zone, suggesting a potential buy opportunity, but still no confirmation.
MACD: -0.0173
🟣 Histogram and signal lines remain negative with no bullish crossover in sight.
Stoch RSI: 44.90
🟡 Neutral to slightly oversold — no solid entry trigger yet.
🎯 Trade Strategies
✅ DCA (Dollar-Cost Averaging)
With RSI under 35 and price below the EMA99, SUI might be entering a good accumulation zone for mid-term positioning.
Plan:
💸 Buy small amounts every -5% drop
💸 Strengthen position between $2.80 and $2.60
💸 Mid-term target: retest of $3.70–$4.00 in 3–6 months
🟢 Swing Trade – Long (trend reversal)
Entering a long position only makes sense above the EMA(7) with growing volume and RSI above 50.
🎯 Target: $3.35 (EMA25), then $3.70
🛑 Stop-loss: -5% from entry
⚠️ No confirmation yet — wait for a bullish candle closing above EMA(7)
🔴 Swing Trade – Short (continuation)
If support at $2.84 breaks, a short opportunity opens toward $2.60–$2.50.
🎯 Entry: Below $2.83 with volume confirmation
🛑 Stop-loss: $2.97 or 5% above entry
🔻 Losing this key level signals a possible continuation of the downtrend
📌 Summary:
Current price action favors a patient DCA strategy or a technical short if support breaks.
For swing longs, we still need clear reversal confirmation, which indicators do not currently support.
#SUI #SwingTrade #CryptoAnalysis #Write2Earn #DCAstrategy
⚠️ Disclaimer:
This is not financial advice. Do your own research and use proper risk management.
