🔸 SUI/USDT – Bounce from Key Support | Master Trade Analysis 🔸
Overview:
$SUI is currently trading at $2.1325, down -9.07% in the last 24 hours. The price found support at $2.0577, forming a short-term rebound pattern.
Technical Analysis:
🔹 Bollinger Bands: Price bounced from the lower band ($2.0372), indicating potential support.
🔹 RSI (6): 38.91, showing oversold conditions and a possible recovery.
🔹 MACD: DIF -0.0641, DEA -0.0489, MACD -0.0152, still bearish but flattening.
🔹 Volume: 1.87M SUI, suggesting interest at lower levels.
🔹 MA (5 & 10): MA(5) $3.56M, MA(10) $3.63M, price still below moving averages.
🔹 OBV: -65.39M, showing mixed sentiment but stabilizing.
🔹 Stochastic (K/D/J): K: 19.24, D: 13.56, J: 30.59, suggesting a potential bullish crossover.
Trade Strategy:
🔹 Support Zone: $2.050 - $2.070, key bounce area.
🔹 Resistance Levels: $2.215, then $2.304.
🔹 Stop-Loss Placement: Below $2.030 for protection.
🔥 Master Trade Setup 🔥
✅ Scalping: Buy $2.070, target $2.150, SL $2.040.
✅ Swing Trade: Buy $2.050 - $2.100, target $2.250 - $2.304, SL $2.030.
⚠️ Breakout Watch: If SUI clears $2.304, next target is $2.393+.
🛡️ Risk Management:
🔹 Capital Allocation: Risk 2-5% per trade.
🔹 Stop-Loss Discipline: Maintain SL to protect capital.
🔹 Risk-to-Reward Ratio: Aim for 1:2 RR.
🔹 Market Conditions: If BTC remains stable, SUI may recover.
💬 Will $SUI reclaim $2.30 after this rebound? Share your thoughts below!
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⚠️ Always DYOR before trading! Crypto markets are highly volatile.
🔹 Data source: Binance
