Ascending Explosion for SUI/USDT After Momentum Boost
!SUI/USDT – Analysis on the Hourly Frame (1H) ⏱️
Current Price: $2.9049 (+1.34%)
Technical Analysis in Brief:
The price is trading above the exponential moving averages EMA7 at $2.8890, EMA25 at $2.8801, and EMA99 at $2.8862, reinforcing the upward momentum.
>>Breaking the temporary resistance around $2.9377 previously and the price rebounding from the support of $2.8520 after forming a green reversal candle.
>>Relative Strength Index (RSI6) at ~65, indicating remaining room for upward movement without reaching overbought conditions.
Trade Settings:
✅ SUI/USDT (Buy) LONG
🔰 Entry Price on Breakout: $2.94
🎯 Targets:
$3.00
$3.05
$3.10
$3.15
🛑 Stop Loss: $2.85
📌 Trader's Advice:
Wait for the 1H candle to close above $2.94 with increased trading volume to confirm the continuation of the rise. After reaching the first target, move the stop loss to the entry price ($2.94) to secure capital, then leave the position to chase the higher targets.
✅ SUI/USDT (Sell) SHORT
🔰 Entry Price on Breakdown: $2.85
🎯 Targets:
$2.80
$2.75
$2.70
$2.65
🛑 Stop Loss: $2.94
📌 Trader's Advice:
You can enter a sell position when the 1H candle closes below $2.85 with high trading volume, setting the stop loss above the broken resistance ($2.94) and gradually adjusting the stop loss as each target is reached to protect profits.
Trader's Advice:
"Always remember to manage risk and do not trade with an amount you cannot afford to lose."