SUI/USDT Spot Trading Analysis
1. Price Overview & Indicators:
Current Price: 2.3701 USDT
24H High: 2.3797 USDT
24H Low: 2.2051 USDT
Technical Indicators:
RSI (7): 64.49 → Near the overbought zone
RSI (14): 60.61 → Still in the neutral zone
Stoch RSI: 71.63 → Potential slowdown in upward momentum
2. Entry & Exit Levels:
Potential Entry Zone: 2.30 - 2.32 USDT (Wait for a support retest)
Take Profit (TP): 2.42 - 2.45 USDT (Closest resistance level)
Stop Loss (SL): 2.20 USDT (Below the 24H low)
3. Key Observations:
The price is near a resistance level at 2.37 - 2.38, meaning a possible correction before further upside.
If the price breaks above 2.38 and holds, it may continue rising toward 2.45 - 2.50.
It's best to monitor price action and RSI/Stoch RSI signals before entering a trade.
Suggested Strategy:
If the price drops to 2.30 - 2.32, consider a buy position with a stop loss at 2.20.
If the price breaks 2.38 with strong volume, a quick trade targeting 2.42 - 2.45 is possible.
If the price bounces strongly from 2.20, it could signal a new buying opportunity later.