SUI/USDT Market Analysis and Trading Signal
Market Movement Analysis
Current Market Overview:
Current Price: 2.8482 USDT
Recent High: 2.8609 USDT
Recent Low: 2.5165 USDT
Parabolic SAR: 2.7923 USDT (Bullish Indication)
Price Change: -0.44% (Minor Downtrend)
Technical Analysis:
Price Trend & Market Structure:
Recent Recovery: The price rebounded from 2.5165 USDT to 2.8482 USDT, indicating strong bullish movement.
Parabolic SAR Indicates Uptrend: The dots are below the price, signaling a potential continuation of the bullish trend.
Ky Support & Resistance Levels:
Support Levels:
2.8000 USDT (Immediate support)
2.7500 USDT (Major support)
Resistance Levels:
2.8600 USDT (Immediate resistance)
3.0000 USDT (Psychological resistance)
Next Price Movement Prediction
Bullish Scenario (If Support at 2.8000 USDT Holds):
If the price sustains above 2.8000 USDT, a breakout towards 2.9000 - 3.0000 USDT is possible.
Bearish Scenario (If Breakdown Below 2.8000 USDT Occurs):
A breakdown below 2.8000 USDT could lead to a retest of 2.7500 USDT and possibly 2.7000 USDT.
Trading Signal & Profit Strategy
Buy Signal (Bullish Setup):
📌 Entry Zone: 2.8100 - 2.8300 USDT
🎯 Target 1: 2.9000 USDT
🎯 Target 2: 3.0000 USDT
🔻 Stop Loss: 2.7700 USDT
💰 Potential Profit: 5% - 10%
Sell Signal (If Rejection at 2.8600 USDT):
📌 Entry Zone: 2.8500 - 2.8600 USDT
🎯 Target 1: 2.8000 USDT
🎯 Target 2: 2.7500 USDT
🔻 Stop Loss: 2.8800 USDT
💰 Potential Profit: 4% - 7%
Final Conclusion
SUI/USDT is currently in a bullish structure, with support at 2.8000 USDT playing a key role in the next movement. If this level holds, a rally towards 3.0000 USDT is likely. However, failure to hold support could lead to a pullback. Traders should wait for confirmation before entering trades. 📈🔥 Would you like additional RSI or Fibonacci analysis for further confirmation?