๐ Technical Analysis (1H Chart โ $SUI /USDT)
โ Current Market Snapshot
Last Price: $2.7781
24h High: $2.9286
24h Low: $2.7339
EMA Status:
EMA(7): $2.7709
EMA(25): $2.7947
EMA(99): $2.7633
RSI(6): 48.4 โ Neutral zone, trying to rise from minor oversold
Volume: Increasing slightly, with recent buying candle rejection off EMA(99)
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๐ Key Technical Observations:
Support Held: Bounce off $2.7339 confirms short-term demand zone.
EMA Compression: Price is sandwiched between EMA(7) and EMA(99); possible volatility ahead.
Lower High Structure: Needs a clear break above $2.805 to signal bullish continuation.
RSI Bounce: RSI has reversed from ~40 levels, showing building momentum.
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๐ Intraday Trading Signal โ Scalp/Short-Term Long Setup
โถ๏ธ Entry Zone:
Buy Between: $2.775 โ $2.780
(Near EMA(99) and showing consolidation breakout signs)
๐ก๏ธ Stop-Loss Placement:
SL: $2.740
(Below recent low and safe margin under consolidation zone)
๐ฏ Take Profit Targets:
TP1: $2.805 โ Just under EMA(25), minor resistance
TP2: $2.840 โ Mid-level resistance
TP3: $2.880 โ Bullish breakout if momentum continues
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๐ Risk-to-Reward Estimate:
Risk: ~$0.035 (from $2.775 to SL $2.740)
Reward:
TP1: $2.805 โ RR ~ 1:1
TP2: $2.840 โ RR ~ 2:1
TP3: $2.880 โ RR ~ 3:1
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๐ Alternate Bearish Setup (If breakdown below SL zone):
Sell Entry: Below $2.740
Stop-Loss: $2.765
Targets: $2.71 โ $2.68
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๐ Summary:
Bias: Cautiously bullish
Entry Range: $2.775 โ $2.780
Confirmation Needed: 1H candle close above $2.794 for strong continuation
High-impact Trigger: Break above $2.805 with strong volume could lead to $2.88 retest
