$SUI 🚀 BULLISH MOMENTUM 🚀
Chart Overview
Current Price: ~$3.97 USDT (within the high-$3 range)
SUI has recently broken above its 200-day EMA (~$3.35), signaling bullish momentum. Oscillators and MACD, however, show mixed signals, suggesting moderate caution.
Fibonacci Retracement Setup
Using the swing low near $3.35 and swing high around $4.44, the key levels are:
Fibonacci Level Price (USDT)
38.2% ~$3.80
50.0% ~$3.90–$3.95
61.8% ~$4.05
These levels align closely with recent support and resistance clusters, offering strategic zones for entries and exits.
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Trading Strategy
Pullback Long – Conservative Entry
Risk Management & Confirmation Tips
Use volume surges, MACD crossovers, or RSI improvements to confirm entries.
Restrict risk to 1–2% of your trading capital, and consider scaling out as price approaches each target.
Entry Zone: $3.90–$3.95 (around the 50% Fib and recent consolidation)
Stop-Loss: Below $3.80
Targets:
T1: $4.20 (short-term resistance)
T2: $4.44 (recent swing high)
T3: $4.60+ (extension zone if momentum persists)
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