🚨 Alert: Precise Trading Setup for SUI Coin Over One Day
📉⚠️🔥📊
Comment: The SUI coin experienced strong volatility during April, rising from $1.40 to $2.50 before facing strong resistance and starting to retreat. The current price is around $2.20, and it seems the coin has entered a re-accumulation phase, which could pave the way for a strong movement ahead. Bulls are trying to hold onto the critical support level at $2.00, while speculators are watching for a breakout of the resistance area at $2.49
📊 Trading Setup:
🎯 Entry Price: $2.20
🎯 Price Targets:
🟠 $2.49
🔴 $2.95
💀 $3.43
🚫 Stop Loss: $2.00
📈 Risk to Reward Ratio: Average to High | Reward = Potential
📉 Technical Indicators:
- RSI:
• Currently at 52 – Relative balance, leaning towards buyers.
• Has not yet entered overbought territory (above 70), allowing room for upward movement.
- MACD: Shows a recent bullish crossover with the fast average bending above the slow one, which is a positive signal.
- CMF:
At +0.05 – still above zero, indicating an influx of buying liquidity, but it has started to decline compared to previous days.
- Price Pattern:
The price is moving within a Symmetrical Triangle – a breakout from either side will determine the upcoming direction.
📌 Important Notes:
- Breakout at $2.49 = Opportunity for a quick rise towards $2.95
- Break below $2.00 = Warning of a decline towards $1.85
- Announcing any partnership or major update from the SUI network could enhance positive momentum.