Anasta Maverick
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Bearish
$SUI /USDT Analysis: Testing Crucial Support $SUI is trading at $4.312, down by 2.86% in the last 24 hours, with a low of $4.2167. The RSI at 28.44 indicates oversold conditions, suggesting the possibility of a reversal. MACD reflects bearish momentum, but the recent dip may attract buyers.
Key Levels to Watch
Resistance:
$4.620: Immediate resistance to break for any recovery.
$4.847: Strong resistance level if bullish momentum picks up.
Support:
$4.2167: Key support level. A breakdown could lead to $4.00.
$4.000: Critical psychological support.
Trade Setup
For Longs:
Entry: Around $4.320.
Targets: $4.620 and $4.847.
Stop-loss: Below $4.200.
For Shorts:
Entry: Near $4.600 if rejected.
Targets: $4.200 and $4.000.
Stop-loss: Above $4.650.
Market Insight
Oversold RSI indicates potential buying interest, but caution is advised due to prevailing bearish sentiment. Volume will be crucial for confirmation of a reversal.
#SUI🔥
Key Levels to Watch
Resistance:
$4.620: Immediate resistance to break for any recovery.
$4.847: Strong resistance level if bullish momentum picks up.
Support:
$4.2167: Key support level. A breakdown could lead to $4.00.
$4.000: Critical psychological support.
Trade Setup
For Longs:
Entry: Around $4.320.
Targets: $4.620 and $4.847.
Stop-loss: Below $4.200.
For Shorts:
Entry: Near $4.600 if rejected.
Targets: $4.200 and $4.000.
Stop-loss: Above $4.650.
Market Insight
Oversold RSI indicates potential buying interest, but caution is advised due to prevailing bearish sentiment. Volume will be crucial for confirmation of a reversal.
#SUI🔥
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