$SUI
We’re looking at SUI/USDT on the 15-minute chart. Price right now is $2.20, and it’s dropped about 2.5% today.
You’ll see three lines on the chart – those are moving averages (MA). The yellow one (MA7) is short-term, pink (MA25) is mid-term, and purple (MA99) is long-term.
Now, the price is sitting below all three, which usually means we’re in a downtrend. But here’s the interesting part – it just bounced off a low of $2.1654 and is trying to push back up. If it starts closing above the pink line ($2.1882), that’s our first sign buyers are stepping in.
If it breaks above $2.24 (where the long MA is), especially with more volume, that’s a solid entry point. You could ride it up from there.
But if it dips back below $2.18 or even worse, touches $2.1650 again, that’s a red flag. Probably time to stay out or exit if you’re already in.No stress, just wait for the price to show strength before jumping in. Always play it smart and manage that risk.