Based on the 4-hour chart of SUI/USDT,
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📊 Technical Analysis Summary ($SUI /USDT – 4H)
Current Price: $3.7280
Recent High: $4.2480
Support Zone: ~$3.55 – $3.60
Resistance Zone: ~$4.00 – $4.25
RSI (6): 20.09 → Oversold
MACD: Bearish crossover — momentum weakening
Parabolic SAR: Dots above price → downtrend signal
Volume: Spike followed by decrease → likely cooling off phase
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🟠 Market Context
SUI just corrected sharply from $4.2480, with RSI near 20, signaling oversold conditions. However, MACD shows bearish momentum, so buying immediately could be risky. A minor rebound or consolidation could occur before continuation of trend.
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📈 Intraday Trading Signal (Reversal Play)
🔹 Entry Point:
Aggressive Entry: $3.72 (current level — based on RSI oversold)
Conservative Entry: Wait for bounce confirmation at ~$3.60–$3.65 with bullish candle or RSI > 30
🔻 Stop-Loss:
Below support at $3.54
(Tight SL to control risk, just below recent structure)
🎯 Take-Profit Targets:
TP1: $3.90 (gap fill to prior support zone)
TP2: $4.05 (minor resistance)
TP3: $4.20 (recent high before rejection)
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🧠 Trade Notes:
Wait for volume confirmation on bounce — a green 4H candle with rising volume strengthens the setup.
If price breaks below $3.54 with strong volume, trend may continue downward toward $3.30–$3.20.
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⚠️ Risk Management:
Position sizing is key — oversold RSI increases bounce potential, but bearish momentum remains.
Recommended Risk-Reward Ratio: At least 1:2
