📊 Key technical indicators:
1. Overall trend: $SUI
- Shifted from bearish to bullish after breaking the $2.7 level, with positive momentum confirmed today.
- Moving averages indicate a "strong buy" signal (7 buy signals vs. 5 sell signals).
2. Oscillators:
- RSI (14): at 56.8 (Neutral with a buying bias).
- MACD: Buy signal due to increasing bullish momentum.
- StochRSI: at 2.8 (Oversold) → seen as a buying opportunity.
3. Pivot points:
- Support: $3.41 (Lowest price today) then $3.33.
- Resistance: $4.00 (Today's peak) then $4.93.
---
⚠️ Daily trading recommendations:
- Buy entry: when stabilizing above $3.85 (current price).
- Stop loss: below $3.70 (Protection from correction).
- Targets:
- Short-term: $4.00 (Resistance test).
- Average range: $6.00 (if Bitcoin's bullish momentum continues).
---
> "Are you one of the buyers today? Or are you waiting to test $3.70 first? Share your strategy!"
#USCryptoWeek #TradingStrategyMistakes #TradingTales #TerraLabs #TrendingTopic
