🚀 $SUI Technical Analysis July 01, 2025: PRICE STANDS AT $2.7733 WITH BEARISH MOMENTUM 📉

📊 Market Insight
• Current Price: 2.7733 USDT
• Moving Averages (MAs) indicate a bearish shift.
• Volume has decreased to 9,788.7, suggesting reduced market activity and potential selling pressure.
• MACD shows a bearish trend.
• RSI values are in the neutral territory.

📊 Important Levels to Watch
🔼 Resistance Levels:
2.8638
2.9278
2.9899
🔽 Support Levels:
2.7165
2.7363
2.7000

💡 TRADE PLANS:
🐂 Bullish Trade Setup: Reversal above $2.8638
☑️ Entry Point: $2.8700 (enter if price breaks above 2.8638 with bullish momentum confirmation)
🎯 Price Target:
TP1: $2.9278
TP2: $2.9899
🛑 Stop Loss: $2.8500 (below the resistance to manage risk)
⚠️ Confirmation: Look for a strong bullish candle close above 2.8638, 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 $2.7165
☑️ Entry Point: $2.7100 (enter if price drops below 2.7165 with bearish momentum confirmation)
🎯 Price Target:
TP1: $2.7363
TP2: $2.7000
🛑 Stop Loss (SL): $2.7300 (above the current support)
⚠️ Confirmation: Watch for a strong bearish candle close below 2.7165, a decline in volume, RSI(6) dropping below 30, and the MACD showing a bearish trend with DIF falling further below DEA.

📌 Suggestion to Open Positions Today:
The recent price drop and bearish MACD signal suggest a continuation of downward momentum for $SUI. The declining volume and neutral RSI indicate a lack of strong buying interest, increasing the likelihood of further correction. A breakdown below $2.7165 could drive the price toward $2.7000, while a reversal above $2.8638 might signal a recovery. Given the current bearish indicators, a cautious bearish approach is favored, but tight stop losses are recommended to manage the risk of a sudden reversal. Wait for confirmation signals before entering trades.

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