$SUI
Signal🚨
Technical Analysis
Price Action & Trend:
The price is in a downtrend, currently at $3.0739, showing a -7.98% decline.
A significant red candlestick indicates strong bearish momentum.
The price recently touched the lower Bollinger Band (DN: 3.1551), suggesting oversold conditions.
Support & Resistance Levels:
Support: $3.00 (psychological support) and $2.92 (recent low).
Resistance: $3.17 (middle Bollinger Band), $3.31 (previous consolidation level), and $3.45 (24h high).
Intraday Trading Signal
Scenario: Potential Rebound from Oversold Conditions
Entry Point: Buy at $3.05 - $3.08 (current support level and near lower Bollinger Band).
Stop-Loss: $2.98 (below psychological support at $3.00).
Take-Profit Targets:
Target 1: $3.17 (mid-Bollinger Band resistance).
Target 2: $3.31 (strong resistance from previous price action).
Target 3 (Extended): $3.45 (24-hour high, if momentum shifts bullish).
Risk Management:
Risk-to-reward ratio: 1:2 or better.
If the price breaks below $3.00, avoid long positions and wait for confirmation of a reversal.
