๐ธ SUI/USDT โ Bounce from Key Support | Master Trade Analysis ๐ธ
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:
๐น Bollinger Bands: Price bounced from the lower band ($2.0372), indicating potential support.
๐น RSI (6): 38.91, showing oversold conditions and a possible recovery.
๐น MACD: DIF -0.0641, DEA -0.0489, MACD -0.0152, still bearish but flattening.
๐น Volume: 1.87M SUI, suggesting interest at lower levels.
๐น MA (5 & 10): MA(5) $3.56M, MA(10) $3.63M, price still below moving averages.
๐น OBV: -65.39M, showing mixed sentiment but stabilizing.
๐น Stochastic (K/D/J): K: 19.24, D: 13.56, J: 30.59, suggesting a potential bullish crossover.
Trade Strategy:
๐น Support Zone: $2.050 - $2.070, key bounce area.
๐น Resistance Levels: $2.215, then $2.304.
๐น Stop-Loss Placement: Below $2.030 for protection.
๐ฅ Master Trade Setup ๐ฅ
โ Scalping: Buy $2.070, target $2.150, SL $2.040.
โ Swing Trade: Buy $2.050 - $2.100, target $2.250 - $2.304, SL $2.030.
โ ๏ธ Breakout Watch: If SUI clears $2.304, next target is $2.393+.
๐ก๏ธ Risk Management:
๐น Capital Allocation: Risk 2-5% per trade.
๐น Stop-Loss Discipline: Maintain SL to protect capital.
๐น Risk-to-Reward Ratio: Aim for 1:2 RR.
๐น Market Conditions: If BTC remains stable, SUI may recover.
๐ฌ Will $SUI reclaim $2.30 after this rebound? Share your thoughts below!
๐ข Follow @Future Crypto Feed for top crypto trade strategies, market insights, and technical analysis!
โ ๏ธ Always DYOR before trading! Crypto markets are highly volatile.
๐น Data source: Binance
