Analysis for trade $SUI /USDT with entry points:
1. Key technical levels
- Current price: $2.9326 (+26.90%)
- Support:
- $2.85–2.90 (EMA 7 + large buy orders: 264K–627K SUI)
- $2.75–2.80 (EMA 25 + psychological level)
- $2.60–2.65 (EMA 99, long-term support)
- Resistance:
- $2.95–3.00 (closest sell walls: 398K–521K SUI)
- $3.10–3.20 (liquidity zone with minimal orders)
- $3.30 (psychological level)
2. Order book (Balance of power)
- Buyers (Bids):
- $2.85–2.90: Large clusters (264K–627K SUI) – strong support.
- $2.75–2.80: Moderate volumes (66K–4K SUI) – backup level.
- Sellers (Asks):
- $2.95–3.00: Significant volumes (398K–521K SUI) – key resistance.
- Above $3.00: Orders sharply decrease – potential for growth upon breakout.
Output: Buyers control the lower levels, but a breakout above $3.00 is needed for continued growth.
3. Indicators and volumes
- MACD:
- DIF (0.1616) > DEA (0.1432) – bullish momentum is increasing.
- MACD (0.0183) in the positive – confirmation of the uptrend.
- Volumes:
- 24h volume: 605.30M SUI ($1.60B USDT) – extremely high liquidity.
- Current volume (14.17M SUI) is below MA5 (23.60M), but above MA10 (27.23M).
- Price dynamics:
- +26.90% in 24h, +19.65% in 7 days – overbought conditions possible.
4. Entry points and take profits
🔵 Long (Buy) – Bounce from support
- Entry point: $2.85–2.90
- Confirmation:
- Bounce from $2.90 + increase in buying volume.
- MACD histogram is expanding upwards.
- Stop-loss: $2.80 (below EMA 25 and support cluster).
- Take profits:
- TP1: $2.95 (take profit 40%)
- TP2: $3.10 (take profit 30%)
- TP3: $3.30 (take profit 30%)
🔴 Short (Sell) – Break of support or bounce from resistance
- Option 1: Bounce from $2.95–3.00
- Confirmation:
- Bounce from $3.00 + decrease in buying volume.
- MACD lines are converging.
- Option 2: Break below $2.75
- Confirmation:
- Candle closing below $2.75 + increase in selling volume.
- Stop-loss: $2.90 (for option 1) / $2.80 (for option 2).
- Take profits:
- TP1: $2.75 (take profit 50%)
- TP2: $2.60 (take profit 30%)
- TP3: $2.50 (take profit 20%)
5. Risk management
- Risk per trade: No more than 1–2% of the deposit.
- R/R ratio: 1:3 (for example, SL $0.10 vs TP $0.30).
- Strategy for long:
- Upon reaching TP1 ($2.95) → move SL to breakeven ($2.90).
- At $3.10 → lock in 50% profit + trailing stop.
6. Critical factors
- Pros for long:
- Strong buy orders at $2.85–2.90.
- MACD and EMA support the rise.
- Risks:
- Correction after a sharp rise (+26.90%).
- High sell volumes at $2.95–3.00.
Summary
- Priority strategy: Long from $2.85–2.90 with TP up to $3.30.
- For short – wait for a clear bounce from $3.00 or a breakout below $2.75.
- Important: Due to volatility, use limit orders and trailing stops.