SPOT Check: Best Entry Point
Based on the 12-hour chart provided, $SUI is currently in a downward trend, having recently broken below its EMA(7), EMA(25), and EMA(99) lines. The MACD indicator is also showing a bearish crossover, with the MACD line (DIF) dipping below the signal line (DEA), indicating a loss of upward momentum.
* Suggestion: SELL ๐ด
* Reason: The bearish crossover on the MACD and the price trading below key moving averages suggest a continuation of the downward trend. There is a potential for the price to retest lower support levels.
FUTURES Setup:
Yes, SUI has a Binance Futures listing.
* Call: SHORT ๐
* Reason: The technical indicators, including the MACD and the position of the price relative to the EMAs, point towards a likely continuation of the bearish trend. This creates a potential opportunity for a short position, targeting a move towards a new support level.
Wisdom Note: The most valuable asset in a volatile market is a calm mind.
This is not financial advice. DYOR (Do Your Own Research).
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