$SUI /USDT Trade Analysis – 15-minute chart (Binance)
Market Overview:
Current Price: $3.1556
24-hour Change: +1.98%
Trend: Strong Upward Momentum
Key Levels:
Resistance: $3.1785 (24-hour High), $3.2000
Support: $3.1000, $3.0500
Trading Setups:
🟢 Buy Setup (Breakout):
Entry: Above $3.1785 (Breakout Confirmation)
Take Profit: $3.2000, $3.2500
Stop Loss: $3.1000
🔴 Sell Setup (Rejection at Resistance):
Entry: Below $3.1000 (Breakout Confirmation)
Take Profit: $3.0500, $3.0000
Stop Loss: $3.1600
Market Insights:
Testing upper resistance area. Breakout could lead to new highs.
Volume confirmation needed to verify a sustained rally.
Failure to break resistance could lead to a correction towards support levels.
Risk Management:
Monitor order book and volume spikes before entering trades.
Use tight stop loss to avoid sudden pullbacks.
If breakout occurs, consider using a trailing stop to maximize profits.