🚀 $SUI Technical Analysis June 21, 2025: PRICE STANDS AT $2.7325 WITH BEARISH MOMENTUM 📉

📊 Market Insight
• Current Price: 2.7325 USDT
• Moving Averages (MAs) indicate a bearish trend.
• Volume has increased to 1,002,631, reflecting heightened selling pressure following the recent price decline.
• MACD shows a bearish trend.
• RSI values are in neutral territory.

📊 Important Levels to Watch
🔼 Resistance Levels:
2.7664 (MA(7))
2.8192 (MA(25))
3.1589 (recent high)
🔽 Support Levels:
2.6500 (24h low)
2.6245
2.5000 (potential psychological support)

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Breakout above $2.7664
☑️ Entry Point: $2.7700 (enter if price breaks above 2.7664 with bullish momentum confirmation)
🎯 Price Target:
TP1: $2.8192
TP2: $3.1589
🛑 Stop Loss: $2.7600 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 2.7664, an increase in volume, RSI(6) rising above 50, and MACD showing a bullish crossover with DIF rising above DEA.

🐻 Bearish Trade Setup: Breakdown below $2.6500
☑️ Entry Point: $2.6450 (enter if price breaks below 2.6500 with bearish momentum confirmation)
🎯 Price Target
TP1: $2.6245
TP2: $2.5000
🛑 Stop Loss (SL): $2.6600 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 2.6500, a decline in volume, RSI(6) dropping below 30, and the MACD continuing to show a bearish trend with DIF falling further below DEA.

📌 Suggestion to Open Positions Today:
A bearish setup appears more probable given the current price drop below key MAs, the bearish MACD signal, and the increased volume indicating strong selling pressure. The current price is near the 24h low at $2.6500, making it a critical support level to monitor. For bullish traders, a recovery above $2.7664 could signal a potential reversal, but the neutral RSI and persistent bearish MACD suggest caution. Tight stop losses are recommended to manage risk effectively.

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