Malik Nadeem006
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Bearish
$SUI
#MarketPullback
The SUI/USDT chart shows recent volatility with price movements between $2.25 - $2.83. Here’s an analysis and possible profit-making strategy:
Chart Analysis:
1. Support & Resistance Levels:
Support: Around $2.23 - $2.25 (recent bounce area).
Resistance: Around $2.47 - $2.60 (previous rejection zones).
Major Resistance: $2.83 (recent high before the drop).
2. Trend & Price Action:
Price fell sharply from $2.83 and found support at $2.25.
Currently retesting resistance around $2.40 - $2.47.
If it breaks above $2.47, it could retest $2.60 - $2.83.
If it fails to break above $2.47, it may drop back to support at $2.25.
3. Moving Averages (MA5 & MA10):
The MA(5) and MA(10) are close together, suggesting a potential reversal or continuation.
If the MA(5) crosses above MA(10), bullish momentum could build.
4. Volume Analysis:
Recent increase in buying volume suggests buyers stepping in at support.
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Profit Strategies:
1. Bullish Breakout Trade (If Price Breaks $2.47)
Entry: Above $2.47 with confirmation.
Target: $2.60 - $2.83.
Stop-Loss: Below $2.35.
2. Range Trading (Buy Low, Sell High)
Buy Near Support: $2.25 - $2.30.
Sell Near Resistance: $2.47 - $2.60.
Stop-Loss: Below $2.20.
3. Bearish Rejection (If Price Fails at $2.47)
Entry: Near $2.47 if price rejects strongly.
Target: $2.30 - $2.25.
Stop-Loss: Above $2.50.
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Final Thoughts:
Breakout above $2.47 = bullish move.
Rejection at $2.47 = possible dip back to support.
Watch volume & moving averages for confirmation.
Use stop-loss to manage risk.
Would you like an analysis of additional indicators?
#MarketPullback
The SUI/USDT chart shows recent volatility with price movements between $2.25 - $2.83. Here’s an analysis and possible profit-making strategy:
Chart Analysis:
1. Support & Resistance Levels:
Support: Around $2.23 - $2.25 (recent bounce area).
Resistance: Around $2.47 - $2.60 (previous rejection zones).
Major Resistance: $2.83 (recent high before the drop).
2. Trend & Price Action:
Price fell sharply from $2.83 and found support at $2.25.
Currently retesting resistance around $2.40 - $2.47.
If it breaks above $2.47, it could retest $2.60 - $2.83.
If it fails to break above $2.47, it may drop back to support at $2.25.
3. Moving Averages (MA5 & MA10):
The MA(5) and MA(10) are close together, suggesting a potential reversal or continuation.
If the MA(5) crosses above MA(10), bullish momentum could build.
4. Volume Analysis:
Recent increase in buying volume suggests buyers stepping in at support.
---
Profit Strategies:
1. Bullish Breakout Trade (If Price Breaks $2.47)
Entry: Above $2.47 with confirmation.
Target: $2.60 - $2.83.
Stop-Loss: Below $2.35.
2. Range Trading (Buy Low, Sell High)
Buy Near Support: $2.25 - $2.30.
Sell Near Resistance: $2.47 - $2.60.
Stop-Loss: Below $2.20.
3. Bearish Rejection (If Price Fails at $2.47)
Entry: Near $2.47 if price rejects strongly.
Target: $2.30 - $2.25.
Stop-Loss: Above $2.50.
---
Final Thoughts:
Breakout above $2.47 = bullish move.
Rejection at $2.47 = possible dip back to support.
Watch volume & moving averages for confirmation.
Use stop-loss to manage risk.
Would you like an analysis of additional indicators?
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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