$SUI /USDT Scalping Trade Analysis ( - Binance Perpetuals)
Market Overview:
- Current Price: $3.4013
- High: $3.4261
- Low: $3.3980
- Resistance Level: $3.4319 (highlighted yellow zone)
- Support Levels:
- $3.3494 (Middle Bollinger Band)
- $3.2669 (Lower Bollinger Band)
- RSI (Relative Strength Index):
- Current: 55.18 (neutral to slightly bullish)
- Moving Average (yellow line): 51.17 (crossing above 50, indicating strength)
---
Scalping Trade Setup
📌 Entry Strategy:
- The price is testing resistance at $3.4319 while forming a small rejection candle.
- If price fails to break and shows bearish confirmation (like a red candle with high selling volume), enter a short position.
- If price breaks and retests $3.4319 as support, enter a long position targeting the upper Bollinger Band.
---
🎯 Take Profit Targets:
🔻 For Short Trade:
1. $3.3494 (Middle Bollinger Band)
2. $3.2669 (Lower Bollinger Band)
🔼 For Long Trade:
1. $3.50 - $3.55 (Next major resistance zone)
---
🛑 Stop-Loss:
- Short Trade SL: Above $3.45 (recent high)
- Long Trade SL: Below $3.38 (recent support)
---
🔍 Indicators Confirmation:
✔ Bollinger Bands: Price near resistance, potential reversal if rejected.
✔ RSI: Slightly bullish, but not overbought (still below 70).
✔ Volume: Moderate, waiting for a strong push in either direction.
---
⚡ Quick Summary:
📉 Short if rejection at $3.4319 → TP: $3.35, $3.26 → SL: $3.45
📈 Long if breakout & retest at $3.4319 → TP: $3.50 → SL: $3.38
🚀 Best approach: Wait for confirmation before entering a trade!
---
✅ High probability scalp trade with low risk-to-reward ratio! Happy trading! 🎯
